diff --git a/docs/_config.yml b/docs/_config.yml
index dd12662adc8..69da6f054d5 100644
--- a/docs/_config.yml
+++ b/docs/_config.yml
@@ -39,5 +39,5 @@ exclude:
   - updateAPI.sh
 
 # These allow the documentation to be updated with newer releases
-SYSTEMDS_VERSION: 3.1.0-SNAPSHOT
+SYSTEMDS_VERSION: 3.2.0-SNAPSHOT
 
diff --git a/src/main/python/docs/source/conf.py b/src/main/python/docs/source/conf.py
index 1471f461bac..cc8359254dd 100644
--- a/src/main/python/docs/source/conf.py
+++ b/src/main/python/docs/source/conf.py
@@ -34,11 +34,11 @@
 # -- Project information -----------------------------------------------------
 
 project = 'SystemDS'
-copyright = '2022, Apache SystemDS'
+copyright = '2023, Apache SystemDS'
 author = 'Apache SystemDS'
 
 # The full version, including alpha/beta/rc tags
-release = '3.1.0-dev'
+release = '3.2.0-dev'
 
 # -- General configuration ---------------------------------------------------
 # Add any Sphinx extension module names here, as strings.
diff --git a/src/main/python/systemds/project_info.py b/src/main/python/systemds/project_info.py
index d98cd0e8524..ff2721e2a4e 100644
--- a/src/main/python/systemds/project_info.py
+++ b/src/main/python/systemds/project_info.py
@@ -23,4 +23,4 @@
 # via string substitutions using the maven-resources-plugin
 __project_group_id__ = 'org.apache.systemds'
 __project_artifact_id__ = 'systemds'
-__project_version__ = '3.1.0-dev'
+__project_version__ = '3.2.0-dev'