diff --git a/cli/version.txt b/cli/version.txt
index 9d01e8675fc..33fd5bab588 100644
--- a/cli/version.txt
+++ b/cli/version.txt
@@ -1 +1 @@
-1.23.14
+1.24.0-beta.1
diff --git a/eng/scripts/Update-CliVersion.ps1 b/eng/scripts/Update-CliVersion.ps1
index acfbc818e82..36b4e7edec3 100644
--- a/eng/scripts/Update-CliVersion.ps1
+++ b/eng/scripts/Update-CliVersion.ps1
@@ -46,7 +46,7 @@ Set-Content -Path $CLI_VERSION_FILE -Value $version
 $AZDEXT_VERSION_FILE = "$PSScriptRoot/../../cli/azd/pkg/azdext/version.go"
 $azdExtVersionContent = Get-Content -Path $AZDEXT_VERSION_FILE -Raw
 $azdExtVersionContent -replace 'const Version = ".*?"', "const Version = `"$version`"" |
-    Set-Content -Path $AZDEXT_VERSION_FILE -Encoding utf8
+    Set-Content -Path $AZDEXT_VERSION_FILE -Encoding utf8 -NoNewline
 
 . "$PSScriptRoot/../common/scripts/Update-ChangeLog.ps1" `
     -Version $version.ToString() `