diff --git a/lib/gpt_agent.ex b/lib/gpt_agent.ex
index aa2f670..8cd50af 100644
--- a/lib/gpt_agent.ex
+++ b/lib/gpt_agent.ex
@@ -16,6 +16,7 @@ defmodule GptAgent do
   alias GptAgent.Events.{
     AssistantMessageAdded,
     RunCompleted,
+    RunFailed,
     RunStarted,
     ToolCallOutputRecorded,
     ToolCallRequested,
@@ -429,7 +430,19 @@ defmodule GptAgent do
     log("Run ID #{inspect(id)} failed with status #{inspect(status)}", :warning)
     log("Response: #{inspect(response)}")
     log("State: #{inspect(state)}")
-    noreply(%{state | running?: false, run_id: nil})
+
+    state
+    |> Map.put(:running?, false)
+    |> publish_event(
+      RunFailed.new!(
+        id: id,
+        thread_id: state.thread_id,
+        assistant_id: state.assistant_id,
+        code: response |> Map.get("last_error", %{}) |> Map.get("code") || "unknown",
+        message: response |> Map.get("last_error", %{}) |> Map.get("message") || "unknown"
+      )
+    )
+    |> noreply()
   end
 
   defmodule Impl do
diff --git a/lib/gpt_agent/events/run_failed.ex b/lib/gpt_agent/events/run_failed.ex
new file mode 100644
index 0000000..f30ad68
--- /dev/null
+++ b/lib/gpt_agent/events/run_failed.ex
@@ -0,0 +1,16 @@
+defmodule GptAgent.Events.RunFailed do
+  @moduledoc """
+  An OpenAI Assistants run was completed
+  """
+
+  use GptAgent.Types
+  alias GptAgent.Types
+
+  typedstruct enforce: true do
+    field :id, Types.run_id()
+    field :thread_id, Types.thread_id()
+    field :assistant_id, Types.assistant_id()
+    field :code, Types.run_error_code()
+    field :message, Types.run_error_message()
+  end
+end
diff --git a/lib/gpt_agent/types.ex b/lib/gpt_agent/types.ex
index cb13cda..81e23c4 100644
--- a/lib/gpt_agent/types.ex
+++ b/lib/gpt_agent/types.ex
@@ -18,6 +18,9 @@ defmodule GptAgent.Types do
   @type thread_id() :: nonblank_string()
   @type file_id() :: nonblank_string()
 
+  @type run_error_code() :: nonblank_string()
+  @type run_error_message() :: nonblank_string()
+
   @type message_metadata() :: %{optional(String.t()) => Jason.Encoder.t()}
   precond message_metadata: &validate_message_metadata/1
 
diff --git a/mix.exs b/mix.exs
index 85f242e..bb38115 100644
--- a/mix.exs
+++ b/mix.exs
@@ -4,7 +4,7 @@ defmodule GptAgent.MixProject do
   def project do
     [
       app: :gpt_agent,
-      version: "9.0.1",
+      version: "9.1.0",
       elixir: "~> 1.16",
       start_permanent: Mix.env() == :prod,
       aliases: aliases(),
diff --git a/test/gpt_agent_test.exs b/test/gpt_agent_test.exs
index 86cc564..7c25e85 100644
--- a/test/gpt_agent_test.exs
+++ b/test/gpt_agent_test.exs
@@ -10,6 +10,7 @@ defmodule GptAgentTest do
   alias GptAgent.Events.{
     AssistantMessageAdded,
     RunCompleted,
+    RunFailed,
     RunStarted,
     ToolCallOutputRecorded,
     ToolCallRequested,
@@ -1106,6 +1107,61 @@ defmodule GptAgentTest do
       assert :ok = GptAgent.add_user_message(pid, Faker.Lorem.sentence())
       assert_receive {^pid, %UserMessageAdded{}}, 5_000
     end
+
+    @tag capture_log: true
+    test "when the run is fails, sends the RunFailed event to the callback handler", %{
+      bypass: bypass,
+      assistant_id: assistant_id,
+      thread_id: thread_id,
+      run_id: run_id
+    } do
+      {:ok, pid} =
+        GptAgent.connect(thread_id: thread_id, last_message_id: nil, assistant_id: assistant_id)
+
+      Bypass.expect_once(bypass, "GET", "/v1/threads/#{thread_id}/runs/#{run_id}", fn conn ->
+        conn
+        |> Plug.Conn.put_resp_content_type("application/json")
+        |> Plug.Conn.resp(
+          200,
+          Jason.encode!(%{
+            "id" => run_id,
+            "object" => "thread.run",
+            "created_at" => 1_699_075_072,
+            "assistant_id" => assistant_id,
+            "thread_id" => thread_id,
+            "status" => "failed",
+            "started_at" => 1_699_075_072,
+            "expires_at" => nil,
+            "cancelled_at" => nil,
+            "completed_at" => nil,
+            "failed_at" => 1_699_075_073,
+            "last_error" => %{
+              "code" => "rate_limit_exceeded",
+              "message" =>
+                "You exceeded your current quota, please check your plan and billing details. For more information on this error, read the docs: https://platform.openai.com/docs/guides/error-codes/api-errors."
+            },
+            "model" => "gpt-4-1106-preview",
+            "instructions" => nil,
+            "tools" => [],
+            "file_ids" => [],
+            "metadata" => %{}
+          })
+        )
+      end)
+
+      :ok = GptAgent.add_user_message(pid, "Hello")
+
+      assert_receive {^pid,
+                      %RunFailed{
+                        id: ^run_id,
+                        thread_id: ^thread_id,
+                        assistant_id: ^assistant_id,
+                        code: "rate_limit_exceeded",
+                        message:
+                          "You exceeded your current quota, please check your plan and billing details. For more information on this error, read the docs: https://platform.openai.com/docs/guides/error-codes/api-errors."
+                      }},
+                     5_000
+    end
   end
 
   describe "submit_tool_output/3" do