diff --git a/.fern/metadata.json b/.fern/metadata.json
index 27fdda0d..24c3e5cc 100644
--- a/.fern/metadata.json
+++ b/.fern/metadata.json
@@ -24,5 +24,5 @@
   "originGitCommit": "596e7bdfa377f40f3301b1d394c9f0215af5f6d4",
   "originGitCommitIsDirty": true,
   "invokedBy": "manual",
-  "sdkVersion": "7.16.0"
+  "sdkVersion": "7.17.0"
 }
diff --git a/.github/.release-please-manifest.json b/.github/.release-please-manifest.json
index 811e1841..f8521830 100644
--- a/.github/.release-please-manifest.json
+++ b/.github/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "7.16.0"
+  ".": "7.17.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7e9394f7..0eae16f5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [7.17.0](https://github.com/deepgram/deepgram-python-sdk/compare/v7.16.0...v7.17.0) (2026-11-02)
+
+
+### Features
+
+* **Voice Agent:** Use Deepgram-hosted language models in the Think stage with `ThinkSettingsV1Provider_Deepgram`. Select `think-fast` (requires Model Improvement Program participation) or `phonellm-mini-alpha-2-fp8` (for sessions using `mip_opt_out=True`). The provider supports `temperature`, `reasoning_mode`, and `voice_prompt_opt_out`; use `reasoning_mode="none"` or omit it with phonellm to prevent reasoning text from being spoken. Early Access. ([#821](https://github.com/deepgram/deepgram-python-sdk/issues/821)) ([5c7f319](https://github.com/deepgram/deepgram-python-sdk/commit/5c7f31961ec49b7cad6c81eef3113264680b260c)) ([#823](https://github.com/deepgram/deepgram-python-sdk/issues/823)) ([3280a4a](https://github.com/deepgram/deepgram-python-sdk/commit/3280a4af212e98433d7a2f85a1f1c141242493c1))
+
 ## [7.16.0](https://github.com/deepgram/deepgram-python-sdk/compare/v7.15.0...v7.16.0) (2026-10-27)
 
 
diff --git a/pyproject.toml b/pyproject.toml
index e0b662a0..25a4e87c 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ dynamic = ["version"]
 
 [tool.poetry]
 name = "deepgram-sdk"
-version = "7.16.0"
+version = "7.17.0"
 description = ""
 readme = "README.md"
 authors = []
diff --git a/src/deepgram/core/client_wrapper.py b/src/deepgram/core/client_wrapper.py
index 5ea3fafd..a01a1977 100644
--- a/src/deepgram/core/client_wrapper.py
+++ b/src/deepgram/core/client_wrapper.py
@@ -37,7 +37,7 @@ def get_headers(self) -> typing.Dict[str, str]:
         try:
             _sdk_version = _fern_importlib_metadata.version("deepgram-sdk")
         except _fern_importlib_metadata.PackageNotFoundError:
-            _sdk_version = "7.16.0"  # x-release-please-version
+            _sdk_version = "7.17.0"  # x-release-please-version
 
         headers: typing.Dict[str, str] = {
             "User-Agent": "deepgram-sdk/" + _sdk_version,