diff --git a/instrumentation/elastic-opentelemetry-instrumentation-openai/CHANGELOG.md b/instrumentation/elastic-opentelemetry-instrumentation-openai/CHANGELOG.md
index 1363305..76b46dc 100644
--- a/instrumentation/elastic-opentelemetry-instrumentation-openai/CHANGELOG.md
+++ b/instrumentation/elastic-opentelemetry-instrumentation-openai/CHANGELOG.md
@@ -1,5 +1,19 @@
 # Elastic OpenTelemetry Instrumentation OpenAI
 
+## v0.4.0
+
+- Add support for tracing embeddings calls (#20)
+- Rewrite tests in pytest style (#21)
+- Don't crash on calls without a model (#22)
+- Implement log events support following 1.28.0 GenAI semantic conventions (#23)
+- Add tests for asserting exported schema version (#24)
+- Don't update non-recording spans (#25)
+- Add integration tests and test with both latest and baseline openai client (#28)
+- Normalize capture content env variable to upstream (#29, Adrian Cole)
+- Format recorded responses as upstream (#30, Adrian Cole)
+- Use 1.28.0 semantic conventions log events as default (#31, Adrian Cole)
+- Bump required api and sdk to 1.28.2/0.49b2 (#33)
+
 ## v0.3.0
 
 - Delay loading of the openai module to close race condition with httpx instrumentation (#16)
diff --git a/instrumentation/elastic-opentelemetry-instrumentation-openai/src/opentelemetry/instrumentation/openai/version.py b/instrumentation/elastic-opentelemetry-instrumentation-openai/src/opentelemetry/instrumentation/openai/version.py
index 4ed3c08..8553527 100644
--- a/instrumentation/elastic-opentelemetry-instrumentation-openai/src/opentelemetry/instrumentation/openai/version.py
+++ b/instrumentation/elastic-opentelemetry-instrumentation-openai/src/opentelemetry/instrumentation/openai/version.py
@@ -14,4 +14,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.3.0"
+__version__ = "0.4.0"