diff --git a/WORKSPACE b/WORKSPACE
index 57e590ac5e0b..fef3937b8991 100644
--- a/WORKSPACE
+++ b/WORKSPACE
@@ -7,10 +7,10 @@ load("@bazel_tools//tools/build_defs/repo:http.bzl", "http_archive")
 #    and update the sha256 with the result.
 http_archive(
     name = "xla",
-    sha256 = "617a968b2d4154ef4368e2676c72e2bc9a019be3b6a1941c8dc741d3e5ea3d8e",
-    strip_prefix = "xla-7a7cee6e31a01d0103c41b753c7e7fe6e0eeece8",
+    sha256 = "f8f6efd93237c94ee3c8be65dd0702a065c3e3e7b0f732181e62d33813f1bd35",
+    strip_prefix = "xla-34521d16cd91423a041be86bcb35319dfee3bedb",
     urls = [
-        "https://github.com/openxla/xla/archive/7a7cee6e31a01d0103c41b753c7e7fe6e0eeece8.tar.gz",
+        "https://github.com/openxla/xla/archive/34521d16cd91423a041be86bcb35319dfee3bedb.tar.gz",
     ],
 )
 
diff --git a/setup.py b/setup.py
index 2dfac16f4f79..8fe4e36c4694 100644
--- a/setup.py
+++ b/setup.py
@@ -19,13 +19,13 @@
 
 from setuptools import setup, find_packages
 
-_current_jaxlib_version = '0.4.11'
+_current_jaxlib_version = '0.4.12'
 # The following should be updated with each new jaxlib release.
 _latest_jaxlib_version_on_pypi = '0.4.11'
 _available_cuda11_cudnn_versions = ['82', '86']
 _default_cuda11_cudnn_version = '86'
 _default_cuda12_cudnn_version = '88'
-_libtpu_version = '0.1.dev20230531'
+_libtpu_version = '0.1.dev20230608'
 
 _dct = {}
 with open('jax/version.py', encoding='utf-8') as f: