diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 6c3b02fed..b295c3f54 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "4.70.3"
+  ".": "4.71.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index abe273b81..bb769c53e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Changelog
 
+## 4.71.0 (2024-11-04)
+
+Full Changelog: [v4.70.3...v4.71.0](https://github.com/openai/openai-node/compare/v4.70.3...v4.71.0)
+
+### Features
+
+* **api:** add support for predicted outputs ([#1172](https://github.com/openai/openai-node/issues/1172)) ([08a7bb4](https://github.com/openai/openai-node/commit/08a7bb4d4b751aeed9655bfcb9fa27fc79a767c4))
+
 ## 4.70.3 (2024-11-04)
 
 Full Changelog: [v4.70.2...v4.70.3](https://github.com/openai/openai-node/compare/v4.70.2...v4.70.3)
diff --git a/package.json b/package.json
index e9d130380..501d4f31e 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "openai",
-  "version": "4.70.3",
+  "version": "4.71.0",
   "description": "The official TypeScript library for the OpenAI API",
   "author": "OpenAI <support@openai.com>",
   "types": "dist/index.d.ts",
diff --git a/src/version.ts b/src/version.ts
index 04f8abf02..273878132 100644
--- a/src/version.ts
+++ b/src/version.ts
@@ -1 +1 @@
-export const VERSION = '4.70.3'; // x-release-please-version
+export const VERSION = '4.71.0'; // x-release-please-version