diff --git a/CMakeLists.txt b/CMakeLists.txt
index a56162667..38913b0c1 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -25,7 +25,7 @@ option(MLX_METAL_JIT "Use JIT compilation for Metal kernels" OFF)
 option(BUILD_SHARED_LIBS "Build mlx as a shared library" OFF)
 
 if(NOT MLX_VERSION)
-  set(MLX_VERSION 0.22.1)
+  set(MLX_VERSION 0.23.0)
 endif()
 add_compile_definitions("MLX_VERSION=${MLX_VERSION}")
 
diff --git a/setup.py b/setup.py
index 73471d454..85f3ae3c0 100644
--- a/setup.py
+++ b/setup.py
@@ -173,7 +173,7 @@ if __name__ == "__main__":
 
     setup(
         name="mlx",
-        version=get_version("0.22.1"),
+        version=get_version("0.23.0"),
         author="MLX Contributors",
         author_email="mlx@group.apple.com",
         description="A framework for machine learning on Apple silicon.",