Why does validation fail with Parallel Computing Toolbox when using New Licensing Technology?

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When I try to validate my local cluster, I get an error:
"You do not have a valid license file."
and
"Service Host Error 5005"
Why does validation of my local cluster with the Parallel Computing Toolbox fail with these license errors?

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MathWorks Support Team
编辑:MathWorks Support Team 2024-3-22
This is an issue caused by the licensing technology in the MathWorks Service Host. To fix this issue, please follow the instructions from the link below.
How do I uninstall and reinstall MathWorks Service Host?

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