diff --git a/python/notebooks/00-getting-started.ipynb b/python/notebooks/00-getting-started.ipynb
index e1daf12ad532..89e019919917 100644
--- a/python/notebooks/00-getting-started.ipynb
+++ b/python/notebooks/00-getting-started.ipynb
@@ -16,7 +16,7 @@
    "metadata": {},
    "outputs": [],
    "source": [
-    "!python -m pip install semantic-kernel==0.4.7.dev0"
+    "!python -m pip install semantic-kernel==0.5.0.dev0"
    ]
   },
   {
diff --git a/python/notebooks/01-basic-loading-the-kernel.ipynb b/python/notebooks/01-basic-loading-the-kernel.ipynb
index b946aa8604e3..f85d825caa06 100644
--- a/python/notebooks/01-basic-loading-the-kernel.ipynb
+++ b/python/notebooks/01-basic-loading-the-kernel.ipynb
@@ -25,7 +25,7 @@
    "metadata": {},
    "outputs": [],
    "source": [
-    "!python -m pip install semantic-kernel==0.4.7.dev0"
+    "!python -m pip install semantic-kernel==0.5.0.dev0"
    ]
   },
   {
diff --git a/python/notebooks/02-running-prompts-from-file.ipynb b/python/notebooks/02-running-prompts-from-file.ipynb
index 9789eee28029..21106248e1b3 100644
--- a/python/notebooks/02-running-prompts-from-file.ipynb
+++ b/python/notebooks/02-running-prompts-from-file.ipynb
@@ -89,7 +89,7 @@
    "metadata": {},
    "outputs": [],
    "source": [
-    "!python -m pip install semantic-kernel==0.4.7.dev0"
+    "!python -m pip install semantic-kernel==0.5.0.dev0"
    ]
   },
   {
diff --git a/python/notebooks/03-semantic-function-inline.ipynb b/python/notebooks/03-semantic-function-inline.ipynb
index 80b350c618b8..826ceeba0313 100644
--- a/python/notebooks/03-semantic-function-inline.ipynb
+++ b/python/notebooks/03-semantic-function-inline.ipynb
@@ -55,7 +55,7 @@
    "metadata": {},
    "outputs": [],
    "source": [
-    "!python -m pip install semantic-kernel==0.4.7.dev0"
+    "!python -m pip install semantic-kernel==0.5.0.dev0"
    ]
   },
   {
diff --git a/python/notebooks/04-context-variables-chat.ipynb b/python/notebooks/04-context-variables-chat.ipynb
index 255e7fd96065..14f98b566ec5 100644
--- a/python/notebooks/04-context-variables-chat.ipynb
+++ b/python/notebooks/04-context-variables-chat.ipynb
@@ -26,7 +26,7 @@
    "metadata": {},
    "outputs": [],
    "source": [
-    "!python -m pip install semantic-kernel==0.4.7.dev0"
+    "!python -m pip install semantic-kernel==0.5.0.dev0"
    ]
   },
   {
diff --git a/python/notebooks/05-using-the-planner.ipynb b/python/notebooks/05-using-the-planner.ipynb
index 61427b4e2917..2647bdd6cd87 100644
--- a/python/notebooks/05-using-the-planner.ipynb
+++ b/python/notebooks/05-using-the-planner.ipynb
@@ -23,7 +23,7 @@
    "metadata": {},
    "outputs": [],
    "source": [
-    "!python -m pip install semantic-kernel==0.4.7.dev0"
+    "!python -m pip install semantic-kernel==0.5.0.dev0"
    ]
   },
   {
diff --git a/python/notebooks/06-memory-and-embeddings.ipynb b/python/notebooks/06-memory-and-embeddings.ipynb
index 1cdd548d8df6..e40edef2acb4 100644
--- a/python/notebooks/06-memory-and-embeddings.ipynb
+++ b/python/notebooks/06-memory-and-embeddings.ipynb
@@ -28,7 +28,7 @@
       "metadata": {},
       "outputs": [],
       "source": [
-        "!python -m pip install semantic-kernel==0.4.7.dev0"
+        "!python -m pip install semantic-kernel==0.5.0.dev0"
       ]
     },
     {
diff --git a/python/notebooks/07-hugging-face-for-plugins.ipynb b/python/notebooks/07-hugging-face-for-plugins.ipynb
index fc2346e4290b..5d5d2b2338ab 100644
--- a/python/notebooks/07-hugging-face-for-plugins.ipynb
+++ b/python/notebooks/07-hugging-face-for-plugins.ipynb
@@ -20,7 +20,7 @@
       "metadata": {},
       "outputs": [],
       "source": [
-        "!python -m pip install semantic-kernel==0.4.7.dev0\n",
+        "!python -m pip install semantic-kernel==0.5.0.dev0\n",
         "\n",
         "# Note that additional dependencies are required for the Hugging Face connectors:\n",
         "!python -m pip install torch==2.0.0\n",
diff --git a/python/notebooks/08-native-function-inline.ipynb b/python/notebooks/08-native-function-inline.ipynb
index 85fa914061a1..c2b7e8895894 100644
--- a/python/notebooks/08-native-function-inline.ipynb
+++ b/python/notebooks/08-native-function-inline.ipynb
@@ -46,7 +46,7 @@
    "metadata": {},
    "outputs": [],
    "source": [
-    "!python -m pip install semantic-kernel==0.4.7.dev0"
+    "!python -m pip install semantic-kernel==0.5.0.dev0"
    ]
   },
   {
diff --git a/python/notebooks/09-groundedness-checking.ipynb b/python/notebooks/09-groundedness-checking.ipynb
index 809f68ced357..97665290df66 100644
--- a/python/notebooks/09-groundedness-checking.ipynb
+++ b/python/notebooks/09-groundedness-checking.ipynb
@@ -82,7 +82,7 @@
    "metadata": {},
    "outputs": [],
    "source": [
-    "!python -m pip install semantic-kernel==0.4.7.dev0"
+    "!python -m pip install semantic-kernel==0.5.0.dev0"
    ]
   },
   {
diff --git a/python/notebooks/10-multiple-results-per-prompt.ipynb b/python/notebooks/10-multiple-results-per-prompt.ipynb
index 292333cef100..01852b38a8f4 100644
--- a/python/notebooks/10-multiple-results-per-prompt.ipynb
+++ b/python/notebooks/10-multiple-results-per-prompt.ipynb
@@ -25,7 +25,7 @@
       "metadata": {},
       "outputs": [],
       "source": [
-        "!python -m pip install semantic-kernel==0.4.7.dev0"
+        "!python -m pip install semantic-kernel==0.5.0.dev0"
       ]
     },
     {
diff --git a/python/notebooks/11-streaming-completions.ipynb b/python/notebooks/11-streaming-completions.ipynb
index e95c5ebfcaf2..01a664f1357d 100644
--- a/python/notebooks/11-streaming-completions.ipynb
+++ b/python/notebooks/11-streaming-completions.ipynb
@@ -18,7 +18,7 @@
       "metadata": {},
       "outputs": [],
       "source": [
-        "!python -m pip install semantic-kernel==0.4.7.dev0"
+        "!python -m pip install semantic-kernel==0.5.0.dev0"
       ]
     },
     {
diff --git a/python/pyproject.toml b/python/pyproject.toml
index d90d25922f69..48630c682669 100644
--- a/python/pyproject.toml
+++ b/python/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "semantic-kernel"
-version = "0.4.7.dev"
+version = "0.5.0.dev"
 description = "Semantic Kernel Python SDK"
 authors = ["Microsoft <SK-Support@microsoft.com>"]
 readme = "pip/README.md"