diff --git a/release/promote.sh b/release/promote.sh
index 984788e42..7d49c9843 100644
--- a/release/promote.sh
+++ b/release/promote.sh
@@ -6,10 +6,10 @@ DIR="$( cd "$( dirname "${BASH_SOURCE[0]}" )" >/dev/null 2>&1 && pwd )"
 source "${DIR}/release_versions.sh"
 
 # Make sure to update these versions when doing a release first
-PYTORCH_VERSION=${PYTORCH_VERSION:-1.12.0}
-TORCHVISION_VERSION=${TORCHVISION_VERSION:-0.13.0}
-TORCHAUDIO_VERSION=${TORCHAUDIO_VERSION:-0.12.0}
-TORCHTEXT_VERSION=${TORCHTEXT_VERSION:-0.13.0}
+PYTORCH_VERSION=${PYTORCH_VERSION:-1.13.0}
+TORCHVISION_VERSION=${TORCHVISION_VERSION:-0.14.0}
+TORCHAUDIO_VERSION=${TORCHAUDIO_VERSION:-0.13.0}
+TORCHTEXT_VERSION=${TORCHTEXT_VERSION:-0.14.0}
 
 DRY_RUN=${DRY_RUN:-enabled}
 
diff --git a/release/release_versions.sh b/release/release_versions.sh
index 95ebfa363..7d6528130 100644
--- a/release/release_versions.sh
+++ b/release/release_versions.sh
@@ -1,7 +1,7 @@
 #!/usr/bin/env bash
 
 # Make sure to update these versions when doing a release first
-PYTORCH_VERSION=${PYTORCH_VERSION:-1.12.0}
-TORCHVISION_VERSION=${TORCHVISION_VERSION:-0.13.0}
-TORCHAUDIO_VERSION=${TORCHAUDIO_VERSION:-0.12.0}
-TORCHTEXT_VERSION=${TORCHTEXT_VERSION:-0.13.0}
+PYTORCH_VERSION=${PYTORCH_VERSION:-1.13.0}
+TORCHVISION_VERSION=${TORCHVISION_VERSION:-0.14.0}
+TORCHAUDIO_VERSION=${TORCHAUDIO_VERSION:-0.13.0}
+TORCHTEXT_VERSION=${TORCHTEXT_VERSION:-0.14.0}