diff --git a/README.md b/README.md
index 4097026..72b2c76 100644
--- a/README.md
+++ b/README.md
@@ -11,7 +11,7 @@ Add the following entry to your Github workflow YAML file:
 ```yaml
 uses: cpanato/gptscript-installer@main
 with:
-  gptscript-release: '0.4.2' # optional
+  gptscript-release: '0.5.0' # optional
 ```
 
 Example using a pinned version:
@@ -28,7 +28,7 @@ jobs:
       - name: Install gptscript
         uses: cpanato/gptscript-installer@main
         with:
-          gptscript-release: '0.4.2'
+          gptscript-release: '0.5.0'
       - name: Check install!
         run: gptscript --version
 ```
diff --git a/action.yaml b/action.yaml
index 74cad47..8e7b4fb 100644
--- a/action.yaml
+++ b/action.yaml
@@ -9,7 +9,7 @@ inputs:
   gptscript-release:
     description: 'gptscript release version to be installed'
     required: false
-    default: '0.4.2'
+    default: '0.5.0'
   install-dir:
     description: 'Where to install the gptscript binary'
     required: false