diff --git a/plugins/woo-ai/CHANGELOG.md b/plugins/woo-ai/CHANGELOG.md
index eb404e2c2a6..20e296d2b4a 100644
--- a/plugins/woo-ai/CHANGELOG.md
+++ b/plugins/woo-ai/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [0.5](https://github.com/woocommerce/woocommerce/releases/tag/0.5) - 2023-10-19
+
+-   Minor - Adding background removal for legacy product editor images.
+-   Minor - Adding feedback snackbar after image background removal
+-   Minor - Adding number of images to tracks events for background removal.
+-   Minor - Adding spotlight to bring attention to background removal link on Media Library.
+
 ## [0.4](https://github.com/woocommerce/woocommerce/releases/tag/0.4) - 2023-09-12
 
 -   Patch - Add Woo AI Personalization setting and check setting when generating descriptions with AI.
@@ -10,6 +17,7 @@
 
 -   Patch - Fix Woo AI settings page fields persistence bug when disabling the feature.
 -   Patch - Woo AI - Fix store branding settings retrieval for use with description generation.
+-   Patch - Update `wp-env` to version 8.2.0.
 -   Minor - Adding settings screen for AI centric settings.
 -   Minor - Generating short description after long description on product editor.
 -   Minor - [Woo AI] Add Store Branding data to product description generation prompt.
@@ -18,10 +26,9 @@
 -   Minor - Use additional product data (categories, tags, and attributes) when generating product descriptions.
 -   Minor - Update pnpm monorepo-wide to 8.6.5
 -   Minor - Update pnpm to 8.6.7
--   Patch - Update `wp-env` to version 8.2.0.
 -   Minor - Upgrade TypeScript to 5.1.6
 
-## [0.2](https://github.com/woocommerce/woocommerce/releases/tag/0.2) - 2023-06-28 
+## [0.2](https://github.com/woocommerce/woocommerce/releases/tag/0.2) - 2023-06-28
 
 -   Minor - Adding error handling for a bad token request.
 -   Minor - Adding tracks events to indicate view for ai features.
diff --git a/plugins/woo-ai/changelog/add-background-removal-add-image-count-40743 b/plugins/woo-ai/changelog/add-background-removal-add-image-count-40743
deleted file mode 100644
index 3023b47fdbf..00000000000
--- a/plugins/woo-ai/changelog/add-background-removal-add-image-count-40743
+++ /dev/null
@@ -1,4 +0,0 @@
-Significance: minor
-Type: add
-
-Adding number of images to tracks events for background removal.
diff --git a/plugins/woo-ai/changelog/add-background-removal-feedback-39730 b/plugins/woo-ai/changelog/add-background-removal-feedback-39730
deleted file mode 100644
index 33d2e80af0d..00000000000
--- a/plugins/woo-ai/changelog/add-background-removal-feedback-39730
+++ /dev/null
@@ -1,4 +0,0 @@
-Significance: minor
-Type: add
-
-Adding feedback snackbar after image background removal
diff --git a/plugins/woo-ai/changelog/add-background-removal-spotlight-40495 b/plugins/woo-ai/changelog/add-background-removal-spotlight-40495
deleted file mode 100644
index fcb13fc36b0..00000000000
--- a/plugins/woo-ai/changelog/add-background-removal-spotlight-40495
+++ /dev/null
@@ -1,4 +0,0 @@
-Significance: minor
-Type: add
-
-Adding spotlight to bring attention to background removal link on Media Library.
diff --git a/plugins/woo-ai/changelog/add-remove-background-ui-40440 b/plugins/woo-ai/changelog/add-remove-background-ui-40440
deleted file mode 100644
index c49c9a7d139..00000000000
--- a/plugins/woo-ai/changelog/add-remove-background-ui-40440
+++ /dev/null
@@ -1,4 +0,0 @@
-Significance: minor
-Type: add
-
-Adding background removal for legacy product editor images.
diff --git a/plugins/woo-ai/composer.json b/plugins/woo-ai/composer.json
index 12de81c321e..dc5da7c1a6b 100644
--- a/plugins/woo-ai/composer.json
+++ b/plugins/woo-ai/composer.json
@@ -6,7 +6,7 @@
 	"license": "GPL-3.0-or-later",
 	"prefer-stable": true,
 	"minimum-stability": "dev",
-	"version": "0.4.0",
+	"version": "0.5.0",
 	"require": {
 		"composer/installers": "~1.7",
 		"ext-json": "*"
diff --git a/plugins/woo-ai/package.json b/plugins/woo-ai/package.json
index c08f85a2179..f135a1c5e7a 100644
--- a/plugins/woo-ai/package.json
+++ b/plugins/woo-ai/package.json
@@ -7,7 +7,7 @@
 		"url": "git://github.com/woocommerce/woo-ai.git"
 	},
 	"title": "Woo AI",
-	"version": "0.4.0",
+	"version": "0.5.0",
 	"homepage": "http://github.com/woocommerce/woo-ai",
 	"devDependencies": {
 		"@svgr/webpack": "^8.1.0",
diff --git a/plugins/woo-ai/woo-ai.php b/plugins/woo-ai/woo-ai.php
index 31dba018270..c3b8733024d 100644
--- a/plugins/woo-ai/woo-ai.php
+++ b/plugins/woo-ai/woo-ai.php
@@ -3,11 +3,11 @@
  * Plugin Name: Woo AI
  * Plugin URI: https://github.com/woocommerce/woocommerce/
  * Description: Enable AI experiments within the WooCommerce experience. <a href="https://automattic.com/ai-guidelines" target="_blank" rel="noopener noreferrer">Learn more</a>.
- * Version: 0.4.0
+ * Version: 0.5.0
  * Author: WooCommerce
  * Author URI: http://woocommerce.com/
  * Requires at least: 5.8
- * Tested up to: 6.0
+ * Tested up to: 6.3
  * WC requires at least: 6.7
  * WC tested up to: 7.0
  * Text Domain: woo-ai