diff --git a/CHANGELOG.md b/CHANGELOG.md
index 35d98e28e..5e1a033ff 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,42 @@
 
 <!-- <START NEW CHANGELOG ENTRY> -->
 
+## 2.7.1
+
+([Full Changelog](https://github.com/jupyterlab/jupyter-ai/compare/@jupyter-ai/core@2.7.0...0a37a2396cd820580dc1ce6d10ab90243c5762bb))
+
+### Enhancements made
+
+- Refactor ConfigManager.\_init_config [#527](https://github.com/jupyterlab/jupyter-ai/pull/527) ([@andrii-i](https://github.com/andrii-i))
+- Upgrades to langchain 0.0.350 [#522](https://github.com/jupyterlab/jupyter-ai/pull/522) ([@JasonWeill](https://github.com/JasonWeill))
+- Dynamically generate help message for slash commands in chat UI [#520](https://github.com/jupyterlab/jupyter-ai/pull/520) ([@krassowski](https://github.com/krassowski))
+- Run Python unit tests as a part of CI [#519](https://github.com/jupyterlab/jupyter-ai/pull/519) ([@andrii-i](https://github.com/andrii-i))
+- Update README.md - under incubation [#517](https://github.com/jupyterlab/jupyter-ai/pull/517) ([@JasonWeill](https://github.com/JasonWeill))
+- Make Jupyternaut reply for API auth errors user-friendly [#513](https://github.com/jupyterlab/jupyter-ai/pull/513) ([@andrii-i](https://github.com/andrii-i))
+- Respect user preferred dir and allow to configure logs dir [#490](https://github.com/jupyterlab/jupyter-ai/pull/490) ([@krassowski](https://github.com/krassowski))
+
+### Bugs fixed
+
+- Handle LLMs lacking concurrency support in Chat UI [#506](https://github.com/jupyterlab/jupyter-ai/pull/506) ([@dlqqq](https://github.com/dlqqq))
+
+### Maintenance and upkeep improvements
+
+- Refactor ConfigManager.\_init_config [#527](https://github.com/jupyterlab/jupyter-ai/pull/527) ([@andrii-i](https://github.com/andrii-i))
+- Upgrades to langchain 0.0.350 [#522](https://github.com/jupyterlab/jupyter-ai/pull/522) ([@JasonWeill](https://github.com/JasonWeill))
+- Run Python unit tests as a part of CI [#519](https://github.com/jupyterlab/jupyter-ai/pull/519) ([@andrii-i](https://github.com/andrii-i))
+
+### Documentation improvements
+
+- Update README.md - under incubation [#517](https://github.com/jupyterlab/jupyter-ai/pull/517) ([@JasonWeill](https://github.com/JasonWeill))
+
+### Contributors to this release
+
+([GitHub contributors page for this release](https://github.com/jupyterlab/jupyter-ai/graphs/contributors?from=2023-12-11&to=2023-12-20&type=c))
+
+[@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))
@@ -32,8 +68,6 @@
 
 [@3coins](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3A3coins+updated%3A2023-11-16..2023-12-11&type=Issues) | [@Adithya4720](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3AAdithya4720+updated%3A2023-11-16..2023-12-11&type=Issues) | [@andrii-i](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Aandrii-i+updated%3A2023-11-16..2023-12-11&type=Issues) | [@dlqqq](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Adlqqq+updated%3A2023-11-16..2023-12-11&type=Issues) | [@JasonWeill](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3AJasonWeill+updated%3A2023-11-16..2023-12-11&type=Issues) | [@krassowski](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Akrassowski+updated%3A2023-11-16..2023-12-11&type=Issues) | [@welcome](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3Awelcome+updated%3A2023-11-16..2023-12-11&type=Issues) | [@Zsailer](https://github.com/search?q=repo%3Ajupyterlab%2Fjupyter-ai+involves%3AZsailer+updated%3A2023-11-16..2023-12-11&type=Issues)
 
-<!-- <END NEW CHANGELOG ENTRY> -->
-
 ## 2.6.0
 
 ([Full Changelog](https://github.com/jupyterlab/jupyter-ai/compare/@jupyter-ai/core@2.5.0...2c89d139a8205f1fcd318cfd922e1771df7564ef))
diff --git a/lerna.json b/lerna.json
index 0f9e7ed4e..1fbfb395c 100644
--- a/lerna.json
+++ b/lerna.json
@@ -1,7 +1,7 @@
 {
   "$schema": "node_modules/lerna/schemas/lerna-schema.json",
   "useWorkspaces": true,
-  "version": "2.7.0",
+  "version": "2.7.1",
   "npmClient": "yarn",
   "useNx": true
 }
diff --git a/package.json b/package.json
index 09606b489..f2bab61bd 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@jupyter-ai/monorepo",
-  "version": "2.7.0",
+  "version": "2.7.1",
   "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 761194b7b..9d4be7ea9 100644
--- a/packages/jupyter-ai-magics/package.json
+++ b/packages/jupyter-ai-magics/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@jupyter-ai/magics",
-  "version": "2.7.0",
+  "version": "2.7.1",
   "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 39d1244fc..2e8348983 100644
--- a/packages/jupyter-ai/package.json
+++ b/packages/jupyter-ai/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@jupyter-ai/core",
-  "version": "2.7.0",
+  "version": "2.7.1",
   "description": "A generative AI extension for JupyterLab",
   "keywords": [
     "jupyter",