diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 285741ee32..ccd8ea8be5 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "1.61.1"
+  ".": "1.62.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 101e7480b7..583fbd9add 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,27 @@
 # Changelog
 
+## 1.62.0 (2025-02-12)
+
+Full Changelog: [v1.61.1...v1.62.0](https://github.com/openai/openai-python/compare/v1.61.1...v1.62.0)
+
+### Features
+
+* **client:** send `X-Stainless-Read-Timeout` header ([#2094](https://github.com/openai/openai-python/issues/2094)) ([0288213](https://github.com/openai/openai-python/commit/0288213fbfa935c9bf9d56416619ea929ae1cf63))
+* **embeddings:** use stdlib array type for improved performance ([#2060](https://github.com/openai/openai-python/issues/2060)) ([9a95db9](https://github.com/openai/openai-python/commit/9a95db9154ac98678970e7f1652a7cacfd2f7fdb))
+* **pagination:** avoid fetching when has_more: false ([#2098](https://github.com/openai/openai-python/issues/2098)) ([1882483](https://github.com/openai/openai-python/commit/18824832d3a676ae49206cd2b5e09d4796fdf033))
+
+
+### Bug Fixes
+
+* **api:** add missing reasoning effort + model enums ([#2096](https://github.com/openai/openai-python/issues/2096)) ([e0ca9f0](https://github.com/openai/openai-python/commit/e0ca9f0f6fae40230f8cab97573914ed632920b6))
+* **parsing:** don't default to an empty array ([#2106](https://github.com/openai/openai-python/issues/2106)) ([8e748bb](https://github.com/openai/openai-python/commit/8e748bb08d9c0d1f7e8a1af31452e25eb7154f55))
+
+
+### Chores
+
+* **internal:** fix type traversing dictionary params ([#2097](https://github.com/openai/openai-python/issues/2097)) ([4e5b368](https://github.com/openai/openai-python/commit/4e5b368bf576f38d0f125778edde74ed6d101d7d))
+* **internal:** minor type handling changes ([#2099](https://github.com/openai/openai-python/issues/2099)) ([a2c6da0](https://github.com/openai/openai-python/commit/a2c6da0fbc610ee80a2e044a0b20fc1cc2376962))
+
 ## 1.61.1 (2025-02-05)
 
 Full Changelog: [v1.61.0...v1.61.1](https://github.com/openai/openai-python/compare/v1.61.0...v1.61.1)
diff --git a/pyproject.toml b/pyproject.toml
index 6f1a6eb28a..85cb145673 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "openai"
-version = "1.61.1"
+version = "1.62.0"
 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 7ffe16b95d..7dd5163b53 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__ = "1.61.1"  # x-release-please-version
+__version__ = "1.62.0"  # x-release-please-version