diff --git a/CMakeLists.txt b/CMakeLists.txt
index 8965e8b3e0..4c14c5128b 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -18,7 +18,7 @@ elseif(NOT GENERATOR_IS_MULTI_CONFIG_VAR AND NOT DEFINED CMAKE_BUILD_TYPE)
 endif()
 
 project(OpenVINOGenAI
-        VERSION 2024.3.0.0
+        VERSION 2024.4.0.0
         DESCRIPTION "OpenVINO GenAI"
         HOMEPAGE_URL "https://github.com/openvinotoolkit/openvino.genai"
         LANGUAGES CXX)
diff --git a/thirdparty/openvino_tokenizers b/thirdparty/openvino_tokenizers
index d8c08fa218..880d569cd2 160000
--- a/thirdparty/openvino_tokenizers
+++ b/thirdparty/openvino_tokenizers
@@ -1 +1 @@
-Subproject commit d8c08fa21891bca0519eeeb7d4e690443e930478
+Subproject commit 880d569cd2f5d52165b940542e2f9190172ed2cb