Add the ground beef to the Instant Pot®. Using the display panel, select the Sauté function, adjust to High, and select Start.
Brown the meat until no pink remains, then select Cancel. Drain the fat and transfer the browned meat to a shallow dish. Cover loosely with foil.
Add beef broth to the pot and deglaze by using a wooden spoon to scrape up the brown bits from the bottom of the pot.
Add the rinsed rice to the pot and stir to combine.
Add the vegetables, cooked beef, and soup to the pot, in that order. Do not stir. Secure the Pressure Cooking Lid.
Using the display panel, select the Pressure Cook function. Adjust the time to 15 minutes, then select Start.
When the time is up, let the pressure naturally release for 10 minutes, then quick release the remaining pressure.
Stir the ingredients to combine, then level the top and add cheese in an even layer. Select Cancel, then secure the Air Fryer Lid.
Using the display panel, select the Broil function. Adjust the temperature to 400°F / 205°C and the time to 5 minutes, then select Start.
When the cheese is well melted and beginning to brown, remove the lid and place it on the protective pad. Scoop into individual bowls and serve hot. Enjoy!