diff --git a/CHANGELOG.md b/CHANGELOG.md
index bf744558b..ebe6f5667 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,7 +6,11 @@ Best viewed [here](https://jax.readthedocs.io/en/latest/changelog.html).
 Remember to align the itemized text with the first line of an item within a list.
 -->
 
-## jax 0.4.15
+## jax 0.4.16
+
+## jaxlib 0.4.16
+
+## jax 0.4.15 (Aug 30 2023)
 
 * Changes
   * Added {class}`jax.numpy.ufunc`, as well as {func}`jax.numpy.frompyfunc`, which can convert
@@ -66,7 +70,7 @@ Remember to align the itemized text with the first line of an item within a list
     removed. This utility did nothing useful in recent JAX releases and calls
     to it can be safely removed.
 
-## jaxlib 0.4.15
+## jaxlib 0.4.15 (Aug 30 2023)
 
 * Changes:
   * Sparse CSR matrix multiplications via the experimental jax sparse APIs
diff --git a/jax/version.py b/jax/version.py
index 625c2439d..f5902e0d1 100644
--- a/jax/version.py
+++ b/jax/version.py
@@ -18,7 +18,7 @@
 import os
 import datetime
 
-_version = "0.4.15"
+_version = "0.4.16"
 
 if os.environ.get('JAX_RELEASE') or os.environ.get('JAXLIB_RELEASE'):
   __version__ = _version
diff --git a/setup.py b/setup.py
index 5e86f0874..0f30febdb 100644
--- a/setup.py
+++ b/setup.py
@@ -21,7 +21,7 @@ from setuptools import setup, find_packages
 
 _current_jaxlib_version = '0.4.15'
 # The following should be updated with each new jaxlib release.
-_latest_jaxlib_version_on_pypi = '0.4.14'
+_latest_jaxlib_version_on_pypi = '0.4.15'
 _available_cuda11_cudnn_versions = ['86']
 _default_cuda11_cudnn_version = '86'
 _default_cuda12_cudnn_version = '89'