diff --git a/sdk/openai/Azure.AI.OpenAI/CHANGELOG.md b/sdk/openai/Azure.AI.OpenAI/CHANGELOG.md
index 2b0b4044e48dd..f7d918b5d635e 100644
--- a/sdk/openai/Azure.AI.OpenAI/CHANGELOG.md
+++ b/sdk/openai/Azure.AI.OpenAI/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 2.0.0-beta.3 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 2.0.0-beta.2 (2024-06-14)
 
 ### Features Added
diff --git a/sdk/openai/Azure.AI.OpenAI/src/Azure.AI.OpenAI.csproj b/sdk/openai/Azure.AI.OpenAI/src/Azure.AI.OpenAI.csproj
index 15a7b6b15c7e5..97bed641ea9aa 100644
--- a/sdk/openai/Azure.AI.OpenAI/src/Azure.AI.OpenAI.csproj
+++ b/sdk/openai/Azure.AI.OpenAI/src/Azure.AI.OpenAI.csproj
@@ -5,7 +5,7 @@
       Azure OpenAI's official extension package for using OpenAI's .NET library with the Azure OpenAI Service.
     </Description>
     <AssemblyTitle>Azure.AI.OpenAI Client Library</AssemblyTitle>
-    <Version>2.0.0-beta.2</Version>
+    <Version>2.0.0-beta.3</Version>
     <PackageTags>Microsoft Azure OpenAI</PackageTags>
     <DisableEnhancedAnalysis>true</DisableEnhancedAnalysis>
     <TargetFrameworks>$(RequiredTargetFrameworks)</TargetFrameworks>