diff --git a/src/transformers/version.py b/src/transformers/version.py
index bd385d65971..183a66f2546 100644
--- a/src/transformers/version.py
+++ b/src/transformers/version.py
@@ -5,7 +5,7 @@
 from datetime import date
 
 
-nm_version_base = "1.6.0"
+nm_version_base = "1.7.0"
 transformers_version_base = "43401"  # 4.34.1
 is_release = False  # change to True to set the generated version as a release version