diff --git a/common/src/autogluon/common/utils/try_import.py b/common/src/autogluon/common/utils/try_import.py
index 16ae951a8a8d..25806c61c56a 100644
--- a/common/src/autogluon/common/utils/try_import.py
+++ b/common/src/autogluon/common/utils/try_import.py
@@ -32,7 +32,7 @@ def try_import_mxboard():
 
 
 def try_import_ray() -> ModuleType:
-    RAY_MAX_VERSION = "2.49.0"  # sync with core/setup.py
+    RAY_MAX_VERSION = "2.50.0"  # sync with core/setup.py
     ray_max_version_os_map = dict(
         Darwin=RAY_MAX_VERSION,
         Windows=RAY_MAX_VERSION,
diff --git a/core/setup.py b/core/setup.py
index 93ab3514543a..d741ef210f3d 100644
--- a/core/setup.py
+++ b/core/setup.py
@@ -48,11 +48,11 @@
 
 extras_require = {
     "ray": [
-        "ray[default]>=2.10.0,<2.49",  # sync with common/src/autogluon/common/utils/try_import.py
+        "ray[default]>=2.10.0,<2.50",  # sync with common/src/autogluon/common/utils/try_import.py
     ],
     "raytune": [
         "pyarrow>=15.0.0",  # cap Pyarrow to fix source installation - https://github.com/autogluon/autogluon/issues/4519
-        "ray[default,tune]>=2.10.0,<2.49",  # sync with common/src/autogluon/common/utils/try_import.py
+        "ray[default,tune]>=2.10.0,<2.50",  # sync with common/src/autogluon/common/utils/try_import.py
         # TODO: consider alternatives as hyperopt is not actively maintained.
         "hyperopt>=0.2.7,<0.2.8",  # This is needed for the bayes search to work.
         # 'GPy>=1.10.0,<1.11.0'  # TODO: Enable this once PBT/PB2 are supported by ray lightning