diff --git a/sdk/cognitiveservices/azure-ai-transcription/CHANGELOG.md b/sdk/cognitiveservices/azure-ai-transcription/CHANGELOG.md
index 850550c553c8..db65dff96e50 100644
--- a/sdk/cognitiveservices/azure-ai-transcription/CHANGELOG.md
+++ b/sdk/cognitiveservices/azure-ai-transcription/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 1.0.0b3 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.0.0b2 (2025-12-19)
 
 ### Bugs Fixed
@@ -10,4 +20,4 @@
 
 ### Other Changes
 
-- Initial version
\ No newline at end of file
+- Initial version
diff --git a/sdk/cognitiveservices/azure-ai-transcription/azure/ai/transcription/_version.py b/sdk/cognitiveservices/azure-ai-transcription/azure/ai/transcription/_version.py
index bbcd28b4aa67..c43fdbc2e239 100644
--- a/sdk/cognitiveservices/azure-ai-transcription/azure/ai/transcription/_version.py
+++ b/sdk/cognitiveservices/azure-ai-transcription/azure/ai/transcription/_version.py
@@ -6,4 +6,4 @@
 # Changes may cause incorrect behavior and will be lost if the code is regenerated.
 # --------------------------------------------------------------------------
 
-VERSION = "1.0.0b2"
+VERSION = "1.0.0b3"