diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index d0e1cca504..841dcc60c0 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "2.48.0"
+  ".": "2.49.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 683068cda9..f882653ffe 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Changelog
 
+## 2.49.0 (2026-07-24)
+
+Full Changelog: [v2.48.0...v2.49.0](https://github.com/openai/openai-python/compare/v2.48.0...v2.49.0)
+
+### Features
+
+* require Python 3.10 and automate version reviews ([#3537](https://github.com/openai/openai-python/issues/3537)) ([d4c151d](https://github.com/openai/openai-python/commit/d4c151d92ba713e56518a4483d3b7918dd1be838))
+
 ## 2.48.0 (2026-07-23)
 
 Full Changelog: [v2.47.0...v2.48.0](https://github.com/openai/openai-python/compare/v2.47.0...v2.48.0)
diff --git a/pyproject.toml b/pyproject.toml
index 19c8066b29..250cbb1a94 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "openai"
-version = "2.48.0"
+version = "2.49.0"
 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 8c2ee06274..9ac2ab689f 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__ = "2.48.0"  # x-release-please-version
+__version__ = "2.49.0"  # x-release-please-version