diff --git a/CHANGELOG.md b/CHANGELOG.md
index b54c0c40312..4538f17473c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 ## Unreleased
 
+## v0.62.0 Beta
+
 ### 🛑 Breaking changes 🛑
 
 - Delete deprecated `go.opentelemetry.io/collector/service/featuregate`. (#6178)
diff --git a/cmd/builder/internal/builder/config.go b/cmd/builder/internal/builder/config.go
index ba886dcb0a5..9d4c09aae85 100644
--- a/cmd/builder/internal/builder/config.go
+++ b/cmd/builder/internal/builder/config.go
@@ -26,7 +26,7 @@ import (
 	"go.uber.org/zap"
 )
 
-const defaultOtelColVersion = "0.61.0"
+const defaultOtelColVersion = "0.62.0"
 
 // ErrInvalidGoMod indicates an invalid gomod
 var ErrInvalidGoMod = errors.New("invalid gomod specification for module")
diff --git a/cmd/builder/internal/config/default.yaml b/cmd/builder/internal/config/default.yaml
index 67b1a774499..d65b1c7ef03 100644
--- a/cmd/builder/internal/config/default.yaml
+++ b/cmd/builder/internal/config/default.yaml
@@ -2,27 +2,27 @@ dist:
   module: go.opentelemetry.io/collector/cmd/otelcorecol
   name: otelcorecol
   description: Local OpenTelemetry Collector binary, testing only.
-  version: 0.61.0-dev
-  otelcol_version: 0.61.0
+  version: 0.62.0-dev
+  otelcol_version: 0.62.0
 
 receivers:
   - import: go.opentelemetry.io/collector/receiver/otlpreceiver
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
 exporters:
   - import: go.opentelemetry.io/collector/exporter/loggingexporter
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
   - import: go.opentelemetry.io/collector/exporter/otlpexporter
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
   - import: go.opentelemetry.io/collector/exporter/otlphttpexporter
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
 extensions:
   - import: go.opentelemetry.io/collector/extension/ballastextension
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
   - import: go.opentelemetry.io/collector/extension/zpagesextension
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
 processors:
   - import: go.opentelemetry.io/collector/processor/batchprocessor
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
   - import: go.opentelemetry.io/collector/processor/memorylimiterprocessor
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
 
diff --git a/cmd/otelcorecol/builder-config.yaml b/cmd/otelcorecol/builder-config.yaml
index 2f72a875da9..8aef8d59b0a 100644
--- a/cmd/otelcorecol/builder-config.yaml
+++ b/cmd/otelcorecol/builder-config.yaml
@@ -2,29 +2,29 @@ dist:
   module: go.opentelemetry.io/collector/cmd/otelcorecol
   name: otelcorecol
   description: Local OpenTelemetry Collector binary, testing only.
-  version: 0.61.0-dev
-  otelcol_version: 0.61.0
+  version: 0.62.0-dev
+  otelcol_version: 0.62.0
 
 receivers:
   - import: go.opentelemetry.io/collector/receiver/otlpreceiver
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
 exporters:
   - import: go.opentelemetry.io/collector/exporter/loggingexporter
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
   - import: go.opentelemetry.io/collector/exporter/otlpexporter
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
   - import: go.opentelemetry.io/collector/exporter/otlphttpexporter
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
 extensions:
   - import: go.opentelemetry.io/collector/extension/ballastextension
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
   - import: go.opentelemetry.io/collector/extension/zpagesextension
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
 processors:
   - import: go.opentelemetry.io/collector/processor/batchprocessor
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
   - import: go.opentelemetry.io/collector/processor/memorylimiterprocessor
-    gomod: go.opentelemetry.io/collector v0.61.0
+    gomod: go.opentelemetry.io/collector v0.62.0
 
 replaces:
   - go.opentelemetry.io/collector => ../../
diff --git a/cmd/otelcorecol/go.mod b/cmd/otelcorecol/go.mod
index f5bbab6d097..ce49df0a4b7 100644
--- a/cmd/otelcorecol/go.mod
+++ b/cmd/otelcorecol/go.mod
@@ -6,7 +6,7 @@ go 1.18
 
 require (
 	github.com/stretchr/testify v1.8.0
-	go.opentelemetry.io/collector v0.61.0
+	go.opentelemetry.io/collector v0.62.0
 	golang.org/x/sys v0.0.0-20220808155132-1c4a2a72c664
 )
 
@@ -55,8 +55,8 @@ require (
 	github.com/tklauser/numcpus v0.4.0 // indirect
 	github.com/yusufpapurcu/wmi v1.2.2 // indirect
 	go.opencensus.io v0.23.0 // indirect
-	go.opentelemetry.io/collector/pdata v0.61.0 // indirect
-	go.opentelemetry.io/collector/semconv v0.61.0 // indirect
+	go.opentelemetry.io/collector/pdata v0.62.0 // indirect
+	go.opentelemetry.io/collector/semconv v0.62.0 // indirect
 	go.opentelemetry.io/contrib/instrumentation/google.golang.org/grpc/otelgrpc v0.36.1 // indirect
 	go.opentelemetry.io/contrib/instrumentation/net/http/otelhttp v0.36.1 // indirect
 	go.opentelemetry.io/contrib/propagators/b3 v1.10.0 // indirect
diff --git a/cmd/otelcorecol/main.go b/cmd/otelcorecol/main.go
index ef0c3dc6860..3291d2b8ed6 100644
--- a/cmd/otelcorecol/main.go
+++ b/cmd/otelcorecol/main.go
@@ -19,7 +19,7 @@ func main() {
 	info := component.BuildInfo{
 		Command:     "otelcorecol",
 		Description: "Local OpenTelemetry Collector binary, testing only.",
-		Version:     "0.61.0-dev",
+		Version:     "0.62.0-dev",
 	}
 
 	if err := run(service.CollectorSettings{BuildInfo: info, Factories: factories}); err != nil {
diff --git a/examples/k8s/otel-config.yaml b/examples/k8s/otel-config.yaml
index 79778c1bc7c..160d7e5bc18 100644
--- a/examples/k8s/otel-config.yaml
+++ b/examples/k8s/otel-config.yaml
@@ -66,7 +66,7 @@ spec:
       - command:
           - "/otelcol"
           - "--config=/conf/otel-agent-config.yaml"
-        image: otel/opentelemetry-collector:0.61.0
+        image: otel/opentelemetry-collector:0.62.0
         name: otel-agent
         resources:
           limits:
@@ -177,7 +177,7 @@ spec:
       - command:
           - "/otelcol"
           - "--config=/conf/otel-collector-config.yaml"
-        image: otel/opentelemetry-collector:0.61.0
+        image: otel/opentelemetry-collector:0.62.0
         name: otel-collector
         resources:
           limits:
diff --git a/go.mod b/go.mod
index 045c07ddc45..d4c0ec58e5a 100644
--- a/go.mod
+++ b/go.mod
@@ -20,8 +20,8 @@ require (
 	github.com/spf13/cobra v1.5.0
 	github.com/stretchr/testify v1.8.0
 	go.opencensus.io v0.23.0
-	go.opentelemetry.io/collector/pdata v0.61.0
-	go.opentelemetry.io/collector/semconv v0.61.0
+	go.opentelemetry.io/collector/pdata v0.62.0
+	go.opentelemetry.io/collector/semconv v0.62.0
 	go.opentelemetry.io/contrib/instrumentation/google.golang.org/grpc/otelgrpc v0.36.1
 	go.opentelemetry.io/contrib/instrumentation/net/http/otelhttp v0.36.1
 	go.opentelemetry.io/contrib/propagators/b3 v1.10.0
diff --git a/versions.yaml b/versions.yaml
index 74303dc57e2..3be87dc64fd 100644
--- a/versions.yaml
+++ b/versions.yaml
@@ -14,7 +14,7 @@
 
 module-sets:
   collector-core:
-    version: v0.61.0
+    version: v0.62.0
     modules:
       - go.opentelemetry.io/collector
       - go.opentelemetry.io/collector/cmd/builder