diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 0ee8c01..2537c1f 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.3.0"
+  ".": "0.4.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3a3e7d5..ee4532c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,18 @@
 
 All notable changes to the LaunchDarkly Python AI package will be documented in this file. This project adheres to [Semantic Versioning](http://semver.org).
 
+## [0.4.0](https://github.com/launchdarkly/python-server-sdk-ai/compare/0.3.0...0.4.0) (2024-12-02)
+
+
+### Features
+
+* Return AIConfig and LDAITracker separately [#23](https://github.com/launchdarkly/python-server-sdk-ai/issues/23) ([96f888f](https://github.com/launchdarkly/python-server-sdk-ai/commit/96f888f50503cc2e9e2c30bf1c21f80a2773c8b5))
+
+
+### Bug Fixes
+
+* Fix context usage for message interpolation ([#24](https://github.com/launchdarkly/python-server-sdk-ai/issues/24)) ([1159aee](https://github.com/launchdarkly/python-server-sdk-ai/commit/1159aeeda7c46cf2dab93f209929dbad5d35dc80))
+
 ## [0.3.0](https://github.com/launchdarkly/python-server-sdk-ai/compare/0.2.0...0.3.0) (2024-11-22)
 
 
diff --git a/PROVENANCE.md b/PROVENANCE.md
index 698b210..f231637 100644
--- a/PROVENANCE.md
+++ b/PROVENANCE.md
@@ -10,7 +10,7 @@ To verify SLSA provenance attestations, we recommend using [slsa-verifier](https
 
 ```
 # Set the version of the library to verify
-VERSION=0.3.0
+VERSION=0.4.0
 ```
 
 <!-- x-release-please-end -->
diff --git a/ldai/__init__.py b/ldai/__init__.py
index 7e1d86a..9ce25b8 100644
--- a/ldai/__init__.py
+++ b/ldai/__init__.py
@@ -1 +1 @@
-__version__ = "0.3.0"  # x-release-please-version
+__version__ = "0.4.0"  # x-release-please-version
diff --git a/pyproject.toml b/pyproject.toml
index 943049e..4606e1f 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "launchdarkly-server-sdk-ai"
-version = "0.3.0"
+version = "0.4.0"
 description = "LaunchDarkly SDK for AI"
 authors = ["LaunchDarkly <dev@launchdarkly.com>"]
 license = "Apache-2.0"