diff --git a/sdk/core/azure-core-tracing-opentelemetry/CHANGELOG.md b/sdk/core/azure-core-tracing-opentelemetry/CHANGELOG.md
index 4e5d91913c..abb1f76468 100644
--- a/sdk/core/azure-core-tracing-opentelemetry/CHANGELOG.md
+++ b/sdk/core/azure-core-tracing-opentelemetry/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 1.0.0-beta.4 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.0.0-beta.3 (2022-08-04)
 
 ### Other Changes
diff --git a/sdk/core/azure-core-tracing-opentelemetry/src/private/package_version.hpp b/sdk/core/azure-core-tracing-opentelemetry/src/private/package_version.hpp
index dae62804f5..fb747ab534 100644
--- a/sdk/core/azure-core-tracing-opentelemetry/src/private/package_version.hpp
+++ b/sdk/core/azure-core-tracing-opentelemetry/src/private/package_version.hpp
@@ -13,7 +13,7 @@
 #define AZURE_CORE_OPENTELEMETRY_VERSION_MAJOR 1
 #define AZURE_CORE_OPENTELEMETRY_VERSION_MINOR 0
 #define AZURE_CORE_OPENTELEMETRY_VERSION_PATCH 0
-#define AZURE_CORE_OPENTELEMETRY_VERSION_PRERELEASE "beta.3"
+#define AZURE_CORE_OPENTELEMETRY_VERSION_PRERELEASE "beta.4"
 
 #define AZURE_CORE_OPENTELEMETRY_VERSION_ITOA_HELPER(i) #i
 #define AZURE_CORE_OPENTELEMETRY_VERSION_ITOA(i) AZURE_CORE_OPENTELEMETRY_VERSION_ITOA_HELPER(i)
diff --git a/sdk/core/azure-core/CHANGELOG.md b/sdk/core/azure-core/CHANGELOG.md
index 6943fb3a43..96f04c8223 100644
--- a/sdk/core/azure-core/CHANGELOG.md
+++ b/sdk/core/azure-core/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 1.8.0-beta.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.7.1 (2022-08-04)
 
 ### Bugs Fixed
diff --git a/sdk/core/azure-core/src/private/package_version.hpp b/sdk/core/azure-core/src/private/package_version.hpp
index ccdaf968ce..5c06d2895c 100644
--- a/sdk/core/azure-core/src/private/package_version.hpp
+++ b/sdk/core/azure-core/src/private/package_version.hpp
@@ -11,9 +11,9 @@
 #include <cstdint>
 
 #define AZURE_CORE_VERSION_MAJOR 1
-#define AZURE_CORE_VERSION_MINOR 7
-#define AZURE_CORE_VERSION_PATCH 1
-#define AZURE_CORE_VERSION_PRERELEASE ""
+#define AZURE_CORE_VERSION_MINOR 8
+#define AZURE_CORE_VERSION_PATCH 0
+#define AZURE_CORE_VERSION_PRERELEASE "beta.1"
 
 #define AZURE_CORE_VERSION_ITOA_HELPER(i) #i
 #define AZURE_CORE_VERSION_ITOA(i) AZURE_CORE_VERSION_ITOA_HELPER(i)