diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5addcfe..84bda27 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 ## Unreleased
 
+## 1.15.0
+
+- Use LOWMEMORY as default temporality
+
 ## 1.14.0
 
 - Updated opentelemetry-instrumentation to 0.38b0
diff --git a/src/opentelemetry/launcher/version.py b/src/opentelemetry/launcher/version.py
index 1d96dac..6fc274d 100644
--- a/src/opentelemetry/launcher/version.py
+++ b/src/opentelemetry/launcher/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.14.0"
+__version__ = "1.15.0"