diff --git a/CHANGELOG.md b/CHANGELOG.md
index 13f1b5766..542bfad4b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,35 @@
 
 <!-- <START NEW CHANGELOG ENTRY> -->
 
+## 1.8.0
+
+([Full Changelog](https://github.com/jupyterlab/jupyter-ai/compare/@jupyter-ai/core@1.7.1...833b3b75c0d2df346e579f2b702fcc0a4efdb65f))
+
+### Enhancements made
+
+- Add gpt-4-1106-preview model from openai [#540](https://github.com/jupyterlab/jupyter-ai/pull/540) ([@jamesjun](https://github.com/jamesjun))
+- Adds multi-environment variable authentication, Baidu Qianfan ERNIE-bot provider [#531](https://github.com/jupyterlab/jupyter-ai/pull/531) ([@JasonWeill](https://github.com/JasonWeill))
+
+### Bugs fixed
+
+- \[1.x\] Validate Pydantic imports [#548](https://github.com/jupyterlab/jupyter-ai/pull/548) ([@dlqqq](https://github.com/dlqqq))
+
+### Maintenance and upkeep improvements
+
+- \[1.x\] Validate Pydantic imports [#548](https://github.com/jupyterlab/jupyter-ai/pull/548) ([@dlqqq](https://github.com/dlqqq))
+
+### Documentation improvements
+
+- Document entry point and API for custom embedding models [#533](https://github.com/jupyterlab/jupyter-ai/pull/533) ([@krassowski](https://github.com/krassowski))
+
+### Contributors to this release
+
+([GitHub contributors page for this release](https://github.com/jupyterlab/jupyter-ai/graphs/contributors?from=2023-12-20&to=2023-12-27&type=c))
+
+[@dlqqq](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Adlqqq+updated%3A2023-12-20..2023-12-27&type=Issues) | [@ellisonbg](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Aellisonbg+updated%3A2023-12-20..2023-12-27&type=Issues) | [@krassowski](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Akrassowski+updated%3A2023-12-20..2023-12-27&type=Issues) | [@meeseeksmachine](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Ameeseeksmachine+updated%3A2023-12-20..2023-12-27&type=Issues) | [@sundaraa-deshaw](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Asundaraa-deshaw+updated%3A2023-12-20..2023-12-27&type=Issues) | [@welcome](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Awelcome+updated%3A2023-12-20..2023-12-27&type=Issues) | [@Zsailer](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3AZsailer+updated%3A2023-12-20..2023-12-27&type=Issues)
+
+<!-- <END NEW CHANGELOG ENTRY> -->
+
 ## 1.7.1
 
 ([Full Changelog](https://github.com/jupyterlab/jupyter-ai/compare/@jupyter-ai/core@1.7.0...b4621024c29a9d4d140e29643a426667ab35a758))
@@ -36,8 +65,6 @@
 
 [@dlqqq](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Adlqqq+updated%3A2023-12-11..2023-12-20&type=Issues) | [@JasonWeill](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3AJasonWeill+updated%3A2023-12-11..2023-12-20&type=Issues) | [@lumberbot-app](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Alumberbot-app+updated%3A2023-12-11..2023-12-20&type=Issues) | [@meeseeksmachine](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Ameeseeksmachine+updated%3A2023-12-11..2023-12-20&type=Issues)
 
-<!-- <END NEW CHANGELOG ENTRY> -->
-
 ## 1.7.0
 
 ([Full Changelog](https://github.com/jupyterlab/jupyter-ai/compare/@jupyter-ai/core@1.6.0...4df01ac86754254ac3d52da23f291d4ba7cdf596))
diff --git a/lerna.json b/lerna.json
index 900acb652..7eca8590d 100644
--- a/lerna.json
+++ b/lerna.json
@@ -1,7 +1,7 @@
 {
   "$schema": "node_modules/lerna/schemas/lerna-schema.json",
   "useWorkspaces": true,
-  "version": "1.7.1",
+  "version": "1.8.0",
   "npmClient": "yarn",
   "useNx": true
 }
diff --git a/package.json b/package.json
index a06dca067..8d8c0a284 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@jupyter-ai/monorepo",
-  "version": "1.7.1",
+  "version": "1.8.0",
   "description": "A generative AI extension for JupyterLab",
   "private": true,
   "keywords": [
diff --git a/packages/jupyter-ai-magics/package.json b/packages/jupyter-ai-magics/package.json
index 3e7b1c10b..ce765e8b4 100644
--- a/packages/jupyter-ai-magics/package.json
+++ b/packages/jupyter-ai-magics/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@jupyter-ai/magics",
-  "version": "1.7.1",
+  "version": "1.8.0",
   "description": "Jupyter AI magics Python package. Not published on NPM.",
   "private": true,
   "homepage": "https://github.com/jupyterlab/jupyter-ai",
diff --git a/packages/jupyter-ai/package.json b/packages/jupyter-ai/package.json
index b26ce4cf5..2350418a0 100644
--- a/packages/jupyter-ai/package.json
+++ b/packages/jupyter-ai/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@jupyter-ai/core",
-  "version": "1.7.1",
+  "version": "1.8.0",
   "description": "A generative AI extension for JupyterLab",
   "keywords": [
     "jupyter",