diff --git a/CHANGELOG.md b/CHANGELOG.md
index 919d6bce3..82301a4ab 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -18,6 +18,10 @@ This changelog is managed by towncrier and is compiled at release time.
 
 <!-- towncrier release notes start -->
 
+## [0.5.0-alpha.3](https://github.com/bentoml/openllm/tree/v0.5.0-alpha.3)
+No significant changes.
+
+
 ## [0.5.0-alpha.2](https://github.com/bentoml/openllm/tree/v0.5.0-alpha.2)
 No significant changes.
 
diff --git a/openllm-node/package.json b/openllm-node/package.json
index c7c7a6407..7cac60131 100644
--- a/openllm-node/package.json
+++ b/openllm-node/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@bentoml/openllm-node",
-  "version": "0.5.0-alpha.2",
+  "version": "0.5.0-alpha.3",
   "description": "NodeJS library for OpenLLM",
   "type": "module",
   "repository": {
diff --git a/openllm-python/CHANGELOG.md b/openllm-python/CHANGELOG.md
index 919d6bce3..82301a4ab 100644
--- a/openllm-python/CHANGELOG.md
+++ b/openllm-python/CHANGELOG.md
@@ -18,6 +18,10 @@ This changelog is managed by towncrier and is compiled at release time.
 
 <!-- towncrier release notes start -->
 
+## [0.5.0-alpha.3](https://github.com/bentoml/openllm/tree/v0.5.0-alpha.3)
+No significant changes.
+
+
 ## [0.5.0-alpha.2](https://github.com/bentoml/openllm/tree/v0.5.0-alpha.2)
 No significant changes.
 
diff --git a/openllm-python/pyproject.toml b/openllm-python/pyproject.toml
index 5b92306dd..aa61c2890 100644
--- a/openllm-python/pyproject.toml
+++ b/openllm-python/pyproject.toml
@@ -40,8 +40,8 @@ classifiers = [
 dependencies = [
     "bentoml[io]>=1.2",
     "transformers[torch,tokenizers]>=4.36.0",
-    "openllm-client>=0.5.0-alpha.2",
-    "openllm-core>=0.5.0-alpha.2",
+    "openllm-client>=0.5.0-alpha.3",
+    "openllm-core>=0.5.0-alpha.3",
     "safetensors",
     "vllm>=0.4.0",
     "optimum>=1.12.0",
diff --git a/package.json b/package.json
index 8918f7187..08a054905 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@bentoml/openllm-monorepo",
-  "version": "0.5.0-alpha.2",
+  "version": "0.5.0-alpha.3",
   "description": "OpenLLM: Operating LLMs in production",
   "author": "Aaron Pham <29749331+aarnphm@users.noreply.github.com>",
   "license": "Apache-2.0",