diff --git a/.azure/gpu-unittests.yml b/.azure/gpu-unittests.yml
index 47da26ac5c8..e592ae93b47 100644
--- a/.azure/gpu-unittests.yml
+++ b/.azure/gpu-unittests.yml
@@ -31,7 +31,7 @@ jobs:
           docker-image: "ubuntu22.04-cuda12.1.1-py3.11-torch2.4"
           torch-ver: "2.4"
     # how long to run the job before automatically cancelling
-    timeoutInMinutes: "180"
+    timeoutInMinutes: "240"
     # how much time to give 'run always even if cancelled tasks' before stopping them
     cancelTimeoutInMinutes: "2"
 
@@ -179,7 +179,7 @@ jobs:
         workingDirectory: "tests/"
         # skip for PR if there is nothing to test, note that outside PR there is default 'unittests'
         condition: and(succeeded(), ne(variables['TEST_DIRS'], ''))
-        timeoutInMinutes: "90"
+        timeoutInMinutes: "110"
         displayName: "UnitTesting common"
 
       - bash: |
@@ -191,7 +191,7 @@ jobs:
         workingDirectory: "tests/"
         # skip for PR if there is nothing to test, note that outside PR there is default 'unittests'
         condition: and(succeeded(), ne(variables['TEST_DIRS'], ''))
-        timeoutInMinutes: "90"
+        timeoutInMinutes: "110"
         displayName: "UnitTesting DDP"
 
       - bash: |
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 893b7b616f5..7da42fbcb0e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,43 +8,28 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ---
 
-## [UnReleased] - 2022-MM-DD
-
-### Added
-
--
-
-- Added better error messages for intersection detection metrics for wrong user input ([#2577](https://github.com/Lightning-AI/torchmetrics/pull/2577))
-
+## [1.4.1] - 2024-08-02
 
 ### Changed
 
-- Calculate text color of ConfusionMatrix plot based on luminance
-
+- Calculate text color of `ConfusionMatrix` plot based on luminance ([#2590](https://github.com/Lightning-AI/torchmetrics/pull/2590))
+- Updated `_safe_divide` to allow `Accuracy` to run on the GPU ([#2640](https://github.com/Lightning-AI/torchmetrics/pull/2640))
+- Improved error messages for intersection detection metrics for wrong user input ([#2577](https://github.com/Lightning-AI/torchmetrics/pull/2577))
 
 ### Removed
 
--
-
+- Dropped `Chrf` implementation due to licensing issues with the upstream package ([#2668](https://github.com/Lightning-AI/torchmetrics/pull/2668))
 
 ### Fixed
 
 - Fixed bug in `MetricCollection` when using compute groups and `compute` is called more than once ([#2571](https://github.com/Lightning-AI/torchmetrics/pull/2571))
-
-
 - Fixed class order of `panoptic_quality(..., return_per_class=True)` output ([#2548](https://github.com/Lightning-AI/torchmetrics/pull/2548))
-
-
 - Fixed `BootstrapWrapper` not being reset correctly ([#2574](https://github.com/Lightning-AI/torchmetrics/pull/2574))
-
-
 - Fixed integration between `ClasswiseWrapper` and `MetricCollection` with custom `_filter_kwargs` method ([#2575](https://github.com/Lightning-AI/torchmetrics/pull/2575))
-
-
 - Fixed BertScore calculation: pred target misalignment ([#2347](https://github.com/Lightning-AI/torchmetrics/pull/2347))
-
-
-- Update `_safe_divide` to allow `Accuracy` to run on the GPU ([#2640](https://github.com/Lightning-AI/torchmetrics/pull/2640))
+- Fixed `_cumsum` helper function in multi-gpu ([#2636](https://github.com/Lightning-AI/torchmetrics/pull/2636))
+- Fixed bug in `MeanAveragePrecision.coco_to_tm` ([#2588](https://github.com/Lightning-AI/torchmetrics/pull/2588))
+- Fixed missed f-strings in exceptions/warnings ([#2667](https://github.com/Lightning-AI/torchmetrics/pull/2667))
 
 
 ## [1.4.0] - 2024-05-03
diff --git a/src/torchmetrics/__about__.py b/src/torchmetrics/__about__.py
index 7e301d9448e..64c9c3e48f4 100644
--- a/src/torchmetrics/__about__.py
+++ b/src/torchmetrics/__about__.py
@@ -1,4 +1,4 @@
-__version__ = "1.4.0.post0"
+__version__ = "1.4.1"
 __author__ = "Lightning-AI et al."
 __author_email__ = "name@pytorchlightning.ai"
 __license__ = "Apache-2.0"