diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 5b9eb9274c..5007ea2f33 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "3.48.0"
+  ".": "3.49.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 65a5806f8a..5fd2c97ac3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,17 @@
 # Changelog
 
+## [3.49.0](https://github.com/openai/openai-python/compare/v3.48.0...v3.49.0) (2026-11-10)
+
+
+### Features
+
+* **api:** add typed async function tools ([#4264](https://github.com/openai/openai-python/issues/4264)) ([ea07983](https://github.com/openai/openai-python/commit/ea07983f796144835ab3f2cad38fdca04c997a0e))
+
+
+### Bug Fixes
+
+* encode microphone recordings as valid PCM WAV ([#3900](https://github.com/openai/openai-python/issues/3900)) ([13c000d](https://github.com/openai/openai-python/commit/13c000d1f32c1e3e3c4b3e16bc6b956dfd4f5216))
+
 ## [3.48.0](https://github.com/openai/openai-python/compare/v3.47.0...v3.48.0) (2026-11-09)
 
 
diff --git a/pyproject.toml b/pyproject.toml
index e23ec09f13..b688beb280 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "openai"
-version = "3.48.0"
+version = "3.49.0"
 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 d43626f1e6..b5a73b93ab 100644
--- a/src/openai/_version.py
+++ b/src/openai/_version.py
@@ -1,2 +1,2 @@
 __title__ = "openai"
-__version__ = "3.48.0"  # x-release-please-version
+__version__ = "3.49.0"  # x-release-please-version
diff --git a/uv.lock b/uv.lock
index 35e62106ce..f6594a3ed7 100644
--- a/uv.lock
+++ b/uv.lock
@@ -1506,7 +1506,7 @@ wheels = [
 
 [[package]]
 name = "openai"
-version = "3.48.0" # x-release-please-version
+version = "3.49.0" # x-release-please-version
 source = { editable = "." }
 default-groups = ["dev", "pydantic-v2"]
 dependencies = [