diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 7e66027ecd..701df5bbab 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "1.54.0"
+  ".": "1.54.1"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index a60cd5cd31..511396ef95 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Changelog
 
+## 1.54.1 (2024-11-05)
+
+Full Changelog: [v1.54.0...v1.54.1](https://github.com/openai/openai-python/compare/v1.54.0...v1.54.1)
+
+### Bug Fixes
+
+* add new prediction param to all methods ([6aa424d](https://github.com/openai/openai-python/commit/6aa424d076098312801febd938bd4b5e8baf4851))
+
 ## 1.54.0 (2024-11-04)
 
 Full Changelog: [v1.53.1...v1.54.0](https://github.com/openai/openai-python/compare/v1.53.1...v1.54.0)
diff --git a/pyproject.toml b/pyproject.toml
index a88ce5608f..a4ea633fb6 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "openai"
-version = "1.54.0"
+version = "1.54.1"
 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 ef881a5f4c..7d59fea6fe 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__ = "1.54.0"  # x-release-please-version
+__version__ = "1.54.1"  # x-release-please-version