diff --git a/cli/azd/pkg/azdext/version.go b/cli/azd/pkg/azdext/version.go
index ee10a2a6b78..9978a448f20 100644
--- a/cli/azd/pkg/azdext/version.go
+++ b/cli/azd/pkg/azdext/version.go
@@ -6,4 +6,4 @@ package azdext
 // Version is the semantic version of the azdext SDK package.
 // This value mirrors the CLI version in cli/version.txt and is
 // automatically updated by eng/scripts/Update-CliVersion.ps1.
-const Version = "1.23.15"
+const Version = "1.24.0-beta.1"
diff --git a/cli/version.txt b/cli/version.txt
index a97506c3be8..33fd5bab588 100644
--- a/cli/version.txt
+++ b/cli/version.txt
@@ -1 +1 @@
-1.23.15
+1.24.0-beta.1