diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 84c1e8200c7f..c357209c6ce5 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -49,7 +49,7 @@
   "google-cloud-advisory_notifications-v1+FILLER": "0.0.0",
   "google-cloud-ai_platform": "2.1.1",
   "google-cloud-ai_platform+FILLER": "0.0.0",
-  "google-cloud-ai_platform-v1": "1.33.0",
+  "google-cloud-ai_platform-v1": "1.34.0",
   "google-cloud-ai_platform-v1+FILLER": "0.0.0",
   "google-cloud-alloy_db": "2.1.1",
   "google-cloud-alloy_db+FILLER": "0.0.0",
diff --git a/google-cloud-ai_platform-v1/CHANGELOG.md b/google-cloud-ai_platform-v1/CHANGELOG.md
index 97af77801455..224596816ca7 100644
--- a/google-cloud-ai_platform-v1/CHANGELOG.md
+++ b/google-cloud-ai_platform-v1/CHANGELOG.md
@@ -1,5 +1,14 @@
 # Changelog
 
+### 1.34.0 (2026-01-13)
+
+#### Features
+
+* Add Lustre support to the Vertex Training Custom Job API ([#32302](https://github.com/googleapis/google-cloud-ruby/issues/32302)) 
+#### Documentation
+
+* Update comments for machine resources and autoscaling 
+
 ### 1.33.0 (2025-12-11)
 
 #### Features
diff --git a/google-cloud-ai_platform-v1/lib/google/cloud/ai_platform/v1/version.rb b/google-cloud-ai_platform-v1/lib/google/cloud/ai_platform/v1/version.rb
index 1f785890bddc..4fe81ba4a0df 100644
--- a/google-cloud-ai_platform-v1/lib/google/cloud/ai_platform/v1/version.rb
+++ b/google-cloud-ai_platform-v1/lib/google/cloud/ai_platform/v1/version.rb
@@ -21,7 +21,7 @@ module Google
   module Cloud
     module AIPlatform
       module V1
-        VERSION = "1.33.0"
+        VERSION = "1.34.0"
       end
     end
   end
diff --git a/google-cloud-ai_platform-v1/snippets/snippet_metadata_google.cloud.aiplatform.v1.json b/google-cloud-ai_platform-v1/snippets/snippet_metadata_google.cloud.aiplatform.v1.json
index 199801fc5506..ca1de68ee968 100644
--- a/google-cloud-ai_platform-v1/snippets/snippet_metadata_google.cloud.aiplatform.v1.json
+++ b/google-cloud-ai_platform-v1/snippets/snippet_metadata_google.cloud.aiplatform.v1.json
@@ -1,7 +1,7 @@
 {
   "client_library": {
     "name": "google-cloud-ai_platform-v1",
-    "version": "1.33.0",
+    "version": "1.34.0",
     "language": "RUBY",
     "apis": [
       {