Docker Compose up --build not working

RHEL version - Red Hat Enterprise Linux release 8.9 (Ootpa)

[root@acer abmcl]# ls

assets backend docker docker-compose.yml docs frontend nginx package.json package-lock.json README.md server

[root@acer-BILLATMTN abmcl]# docker compose up --build

WARN[0000] /home/BillingAutomation/abmcl/docker-compose.yml: version is obsolete

[+] Building 51.1s (7/9) docker:default

=> [backend internal] load build definition from Dockerfile 0.0s

=> => transferring dockerfile: 299B 0.0s

=> [backend internal] load metadata for docker.io/library/python:3.11 2.1s

=> [backend internal] load .dockerignore 0.0s

=> => transferring context: 2B 0.0s

=> [backend 1/5] FROM docker.io/library/python:3.11@sha256:01b1035a2912ade481cf6db2381dc10c97ee19a4f670b056138517e22d8ea1c5 …

acer backend build building compose definition dns docker docker-compose enterprise frontend home json linux nginx package readme red hat release server webdev