diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index fea051a9dd..3f47f4bc2b 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "1.47.1"
+  ".": "1.48.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 823e9886d8..d89151074b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,23 @@
 # Changelog
 
+## 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)
+
+### Features
+
+* **client:** allow overriding retry count header ([#1745](https://github.com/openai/openai-python/issues/1745)) ([9f07d4d](https://github.com/openai/openai-python/commit/9f07d4dbd6f24108a1f5e0309037318858f5a229))
+
+
+### Bug Fixes
+
+* **audio:** correct response_format translations type ([#1743](https://github.com/openai/openai-python/issues/1743)) ([b912108](https://github.com/openai/openai-python/commit/b9121089c696bc943323e2e75d4706401d809aaa))
+
+
+### Chores
+
+* **internal:** use `typing_extensions.overload` instead of `typing` ([#1740](https://github.com/openai/openai-python/issues/1740)) ([2522bd5](https://github.com/openai/openai-python/commit/2522bd59f7b5e903e4fc856a4c5dbdbe66bba37f))
+
 ## 1.47.1 (2024-09-23)
 
 Full Changelog: [v1.47.0...v1.47.1](https://github.com/openai/openai-python/compare/v1.47.0...v1.47.1)
diff --git a/pyproject.toml b/pyproject.toml
index e4b8a967e0..05f957cac0 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "openai"
-version = "1.47.1"
+version = "1.48.0"
 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 cad4b7f76c..66109f354b 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__ = "1.47.1"  # x-release-please-version
+__version__ = "1.48.0"  # x-release-please-version