diff --git a/CHANGELOG.md b/CHANGELOG.md
index 465e28a..91c38d1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,12 +5,9 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/)
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## [0.16.3-alpha] - unreleased
-
-This is an alpha version! The changes listed here are not final.
-
+## [0.16.3] - 2024-08-21
 ### Fixed
-- Revert recent SVG image optimizations.
+- Revert recent SVG image optimizations. [#38981]
 
 ## [0.16.2] - 2024-08-19
 ### Changed
@@ -391,7 +388,7 @@ This is an alpha version! The changes listed here are not final.
 - Updated package dependencies. [#31659]
 - Updated package dependencies. [#31785]
 
-[0.16.3-alpha]: https://github.com/Automattic/jetpack-ai-client/compare/v0.16.2...v0.16.3-alpha
+[0.16.3]: https://github.com/Automattic/jetpack-ai-client/compare/v0.16.2...v0.16.3
 [0.16.2]: https://github.com/Automattic/jetpack-ai-client/compare/v0.16.1...v0.16.2
 [0.16.1]: https://github.com/Automattic/jetpack-ai-client/compare/v0.16.0...v0.16.1
 [0.16.0]: https://github.com/Automattic/jetpack-ai-client/compare/v0.15.0...v0.16.0
diff --git a/package.json b/package.json
index 43cb9d5..667c865 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
 	"private": false,
 	"name": "@automattic/jetpack-ai-client",
-	"version": "0.16.3-alpha",
+	"version": "0.16.3",
 	"description": "A JS client for consuming Jetpack AI services",
 	"homepage": "https://github.com/Automattic/jetpack/tree/HEAD/projects/js-packages/ai-client/#readme",
 	"bugs": {
@@ -44,8 +44,8 @@
 	"types": "./build/index.d.ts",
 	"dependencies": {
 		"@automattic/jetpack-base-styles": "^0.6.29",
-		"@automattic/jetpack-connection": "^0.35.3-alpha",
-		"@automattic/jetpack-shared-extension-utils": "^0.15.4-alpha",
+		"@automattic/jetpack-connection": "^0.35.3",
+		"@automattic/jetpack-shared-extension-utils": "^0.15.4",
 		"@microsoft/fetch-event-source": "2.0.1",
 		"@types/react": "18.3.3",
 		"@types/wordpress__block-editor": "11.5.15",