diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5e1a033ff..c7cdaf9dd 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,37 @@
 
 <!-- <START NEW CHANGELOG ENTRY> -->
 
+## 2.8.0
+
+([Full Changelog](https://github.com/jupyterlab/jupyter-ai/compare/@jupyter-ai/core@2.7.1...def73e99ee28050450792c519bd02a7f415ff6e9))
+
+### Enhancements made
+
+- Add gpt-4-1106-preview model from openai [#540](https://github.com/jupyterlab/jupyter-ai/pull/540) ([@jamesjun](https://github.com/jamesjun))
+- Adds multi-environment variable authentication, Baidu Qianfan ERNIE-bot provider [#531](https://github.com/jupyterlab/jupyter-ai/pull/531) ([@JasonWeill](https://github.com/JasonWeill))
+
+### Bugs fixed
+
+- Validate Pydantic imports [#546](https://github.com/jupyterlab/jupyter-ai/pull/546) ([@dlqqq](https://github.com/dlqqq))
+
+### Maintenance and upkeep improvements
+
+- Validate Pydantic imports [#546](https://github.com/jupyterlab/jupyter-ai/pull/546) ([@dlqqq](https://github.com/dlqqq))
+
+### Documentation improvements
+
+- Clarify/fix conda instructions [#547](https://github.com/jupyterlab/jupyter-ai/pull/547) ([@krassowski](https://github.com/krassowski))
+- Main branch is compatible with Lab 4 only [#536](https://github.com/jupyterlab/jupyter-ai/pull/536) ([@JasonWeill](https://github.com/JasonWeill))
+- Document entry point and API for custom embedding models [#533](https://github.com/jupyterlab/jupyter-ai/pull/533) ([@krassowski](https://github.com/krassowski))
+
+### Contributors to this release
+
+([GitHub contributors page for this release](https://github.com/jupyterlab/jupyter-ai/graphs/contributors?from=2023-12-20&to=2023-12-27&type=c))
+
+[@dlqqq](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Adlqqq+updated%3A2023-12-20..2023-12-27&type=Issues) | [@ellisonbg](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Aellisonbg+updated%3A2023-12-20..2023-12-27&type=Issues) | [@jamesjun](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Ajamesjun+updated%3A2023-12-20..2023-12-27&type=Issues) | [@JasonWeill](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3AJasonWeill+updated%3A2023-12-20..2023-12-27&type=Issues) | [@krassowski](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Akrassowski+updated%3A2023-12-20..2023-12-27&type=Issues) | [@sundaraa-deshaw](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Asundaraa-deshaw+updated%3A2023-12-20..2023-12-27&type=Issues) | [@welcome](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Awelcome+updated%3A2023-12-20..2023-12-27&type=Issues) | [@Zsailer](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3AZsailer+updated%3A2023-12-20..2023-12-27&type=Issues)
+
+<!-- <END NEW CHANGELOG ENTRY> -->
+
 ## 2.7.1
 
 ([Full Changelog](https://github.com/jupyterlab/jupyter-ai/compare/@jupyter-ai/core@2.7.0...0a37a2396cd820580dc1ce6d10ab90243c5762bb))
@@ -36,8 +67,6 @@
 
 [@andrii-i](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Aandrii-i+updated%3A2023-12-11..2023-12-20&type=Issues) | [@dlqqq](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Adlqqq+updated%3A2023-12-11..2023-12-20&type=Issues) | [@JasonWeill](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3AJasonWeill+updated%3A2023-12-11..2023-12-20&type=Issues) | [@krassowski](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Akrassowski+updated%3A2023-12-11..2023-12-20&type=Issues) | [@lumberbot-app](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Alumberbot-app+updated%3A2023-12-11..2023-12-20&type=Issues)
 
-<!-- <END NEW CHANGELOG ENTRY> -->
-
 ## 2.7.0
 
 ([Full Changelog](https://github.com/jupyterlab/jupyter-ai/compare/@jupyter-ai/core@2.6.0...b71e0ec1c7f7c4873b0135cd5662260978988a6d))
diff --git a/lerna.json b/lerna.json
index 1fbfb395c..ebd33191e 100644
--- a/lerna.json
+++ b/lerna.json
@@ -1,7 +1,7 @@
 {
   "$schema": "node_modules/lerna/schemas/lerna-schema.json",
   "useWorkspaces": true,
-  "version": "2.7.1",
+  "version": "2.8.0",
   "npmClient": "yarn",
   "useNx": true
 }
diff --git a/package.json b/package.json
index e0dc1bd99..1da7c77c4 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@jupyter-ai/monorepo",
-  "version": "2.7.1",
+  "version": "2.8.0",
   "description": "A generative AI extension for JupyterLab",
   "private": true,
   "keywords": [
diff --git a/packages/jupyter-ai-magics/package.json b/packages/jupyter-ai-magics/package.json
index c94e3bea1..5c019f53c 100644
--- a/packages/jupyter-ai-magics/package.json
+++ b/packages/jupyter-ai-magics/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@jupyter-ai/magics",
-  "version": "2.7.1",
+  "version": "2.8.0",
   "description": "Jupyter AI magics Python package. Not published on NPM.",
   "private": true,
   "homepage": "https://github.com/jupyterlab/jupyter-ai",
diff --git a/packages/jupyter-ai/package.json b/packages/jupyter-ai/package.json
index 7665370f3..66cc16156 100644
--- a/packages/jupyter-ai/package.json
+++ b/packages/jupyter-ai/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@jupyter-ai/core",
-  "version": "2.7.1",
+  "version": "2.8.0",
   "description": "A generative AI extension for JupyterLab",
   "keywords": [
     "jupyter",