diff --git a/package.json b/package.json
index dd998136ce..a63f68dbdf 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "deeplearn",
-  "version": "0.4.2",
+  "version": "0.5.0",
   "description": "Hardware-accelerated JavaScript library for machine intelligence",
   "private": false,
   "main": "dist/index.js",
diff --git a/src/version.ts b/src/version.ts
index 7accc4d724..3ad42314c4 100644
--- a/src/version.ts
+++ b/src/version.ts
@@ -1,5 +1,5 @@
 /** @license See the LICENSE file. */
 
 // This code is auto-generated, do not modify this file!
-const version = '0.4.2';
+const version = '0.5.0';
 export {version};