diff --git a/build-scripts/components/kubernetes/version b/build-scripts/components/kubernetes/version
index c46737494d..14878d4ecb 100644
--- a/build-scripts/components/kubernetes/version
+++ b/build-scripts/components/kubernetes/version
@@ -1 +1 @@
-v1.31.3
+v1.32.0-beta.0
diff --git a/build-scripts/hack/update-component-versions.py b/build-scripts/hack/update-component-versions.py
index 148cd8da96..72ee9f2a3c 100755
--- a/build-scripts/hack/update-component-versions.py
+++ b/build-scripts/hack/update-component-versions.py
@@ -34,7 +34,7 @@
 # - "https://dl.k8s.io/release/stable.txt"
 # - "https://dl.k8s.io/release/stable-1.xx.txt"
 # - "https://dl.k8s.io/release/latest-1.xx.txt" (e.g. for release candidate builds)
-KUBERNETES_VERSION_MARKER = "https://dl.k8s.io/release/stable.txt"
+KUBERNETES_VERSION_MARKER = "https://cdn.dl.k8s.io/release/latest-1.32.txt"
 
 # Containerd release branch to track. The most recent tag in the branch will be used.
 CONTAINERD_RELEASE_BRANCH = "release/1.6"