diff --git a/pyproject.toml b/pyproject.toml
index 83c9001c..799455a6 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -15,8 +15,8 @@ classifiers = [
     "License :: OSI Approved :: MIT License",
 ]
 dependencies = [
-    "openai==1.27.0",
-    "instructor==1.2.6",
+    "openai==1.30.3",
+    "instructor==1.3.1",
     "deepdiff==6.7.1",
     "termcolor==2.3.0",
     "python-dotenv==1.0.0",
diff --git a/requirements.txt b/requirements.txt
index a86335a1..e4a7fee3 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -1,5 +1,5 @@
-openai==1.27.0
-instructor==1.2.6
+openai==1.30.3
+instructor==1.3.1
 deepdiff==6.7.1
 termcolor==2.3.0
 python-dotenv==1.0.0
diff --git a/setup.py b/setup.py
index ea60a961..179b6e53 100644
--- a/setup.py
+++ b/setup.py
@@ -6,7 +6,7 @@
 
 setup(
     name='agency-swarm',
-    version='0.2.2',
+    version='0.2.3',
     author='VRSEN',
     author_email='arseny9795@gmail.com',
     description='An opensource agent orchestration framework built on top of the latest OpenAI Assistants API.',