diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 3f47f4bc2b..5153ca9d4c 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "1.48.0"
+  ".": "1.49.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index d89151074b..4a8156c611 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Changelog
 
+## 1.49.0 (2024-09-26)
+
+Full Changelog: [v1.48.0...v1.49.0](https://github.com/openai/openai-python/compare/v1.48.0...v1.49.0)
+
+### Features
+
+* **api:** add omni-moderation model ([#1750](https://github.com/openai/openai-python/issues/1750)) ([05b50da](https://github.com/openai/openai-python/commit/05b50da5428d5c7b5ea09626bcd88f8423762bf8))
+
+
+### Chores
+
+* **internal:** update test snapshots ([#1749](https://github.com/openai/openai-python/issues/1749)) ([42f054e](https://github.com/openai/openai-python/commit/42f054ee7afa8ce8316c2ecd90608a0f7e13bfdd))
+
 ## 1.48.0 (2024-09-25)
 
 Full Changelog: [v1.47.1...v1.48.0](https://github.com/openai/openai-python/compare/v1.47.1...v1.48.0)
diff --git a/pyproject.toml b/pyproject.toml
index 05f957cac0..aa4c7c1d76 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "openai"
-version = "1.48.0"
+version = "1.49.0"
 description = "The official Python library for the openai API"
 dynamic = ["readme"]
 license = "Apache-2.0"
diff --git a/src/openai/_version.py b/src/openai/_version.py
index 66109f354b..32d54fb9d0 100644
--- a/src/openai/_version.py
+++ b/src/openai/_version.py
@@ -1,4 +1,4 @@
 # File generated from our OpenAPI spec by Stainless. See CONTRIBUTING.md for details.
 
 __title__ = "openai"
-__version__ = "1.48.0"  # x-release-please-version
+__version__ = "1.49.0"  # x-release-please-version