Ubuntu will be notifying you about the latest versions of the packages you have installed on your machine. If you want to do it manually,
sudo apt-get update
sudo apt-get dist-upgrade
Please read about the different options we can use with apt-get regarding update and upgrade
update is used to resynchronize the package index files from their sources. The indexes of available packages are fetched from the location(s) specified in
/etc/apt/sources.list. For example, when using a Debian archive, this command retrieves and scans the Packages.gz files, so that information about new and
updated packages is available. An update should always be performed before an upgrade or dist-upgrade. Please be aware that the overall progress meter will be
incorrect as the size of the package files cannot be known in advance.
upgrade is used to install the newest versions of all packages currently installed on the system from the sources enumerated in /etc/apt/sources.list. Packages
currently installed with new versions available are retrieved and upgraded; under no circumstances are currently installed packages removed, or packages not
already installed retrieved and installed. New versions of currently installed packages that cannot be upgraded without changing the install status of another
package will be left at their current version. An update must be performed first so that apt-get knows that new versions of packages are available.
dist-upgrade in addition to performing the function of upgrade, also intelligently handles changing dependencies with new versions of packages; apt-get has a
"smart" conflict resolution system, and it will attempt to upgrade the most important packages at the expense of less important ones if necessary. The
dist-upgrade command may therefore remove some packages. The /etc/apt/sources.list file contains a list of locations from which to retrieve desired package
files. See also apt_preferences(5) for a mechanism for overriding the general settings for individual packages.