diff --git a/bitnami/deepspeed/CHANGELOG.md b/bitnami/deepspeed/CHANGELOG.md
index 0ebe2aba34abf2..2a4f563db3cd24 100644
--- a/bitnami/deepspeed/CHANGELOG.md
+++ b/bitnami/deepspeed/CHANGELOG.md
@@ -1,8 +1,12 @@
 # Changelog
 
-## 2.2.15 (2024-08-30)
+## 2.2.16 (2024-09-06)
 
-* [bitnami/deepspeed] Release 2.2.15 ([#29134](https://github.com/bitnami/charts/pull/29134))
+* [bitnami/deepspeed] Release 2.2.16 ([#29273](https://github.com/bitnami/charts/pull/29273))
+
+## <small>2.2.15 (2024-08-30)</small>
+
+* [bitnami/deepspeed] Release 2.2.15 (#29134) ([a585b56](https://github.com/bitnami/charts/commit/a585b56f047a9b2582d6b88d5834eeb70bef2857)), closes [#29134](https://github.com/bitnami/charts/issues/29134)
 
 ## <small>2.2.14 (2024-07-30)</small>
 
diff --git a/bitnami/deepspeed/Chart.yaml b/bitnami/deepspeed/Chart.yaml
index 355b19f5cfcd6a..ff32e016458225 100644
--- a/bitnami/deepspeed/Chart.yaml
+++ b/bitnami/deepspeed/Chart.yaml
@@ -6,13 +6,13 @@ annotations:
   licenses: Apache-2.0
   images: |
     - name: deepspeed
-      image: docker.io/bitnami/deepspeed:0.14.4-debian-12-r12
+      image: docker.io/bitnami/deepspeed:0.15.1-debian-12-r1
     - name: git
-      image: docker.io/bitnami/git:2.46.0-debian-12-r1
+      image: docker.io/bitnami/git:2.46.0-debian-12-r3
     - name: os-shell
-      image: docker.io/bitnami/os-shell:12-debian-12-r28
+      image: docker.io/bitnami/os-shell:12-debian-12-r29
 apiVersion: v2
-appVersion: 0.14.4
+appVersion: 0.15.1
 dependencies:
 - name: common
   repository: oci://registry-1.docker.io/bitnamicharts
@@ -35,4 +35,4 @@ name: deepspeed
 sources:
 - https://github.com/bitnami/charts/tree/main/bitnami/deepspeed
 - https://github.com/bitnami/charts/tree/main/bitnami/pytorch
-version: 2.2.15
+version: 2.2.16
diff --git a/bitnami/deepspeed/values.yaml b/bitnami/deepspeed/values.yaml
index 7ed1700aa7aeec..b81473ed000bef 100644
--- a/bitnami/deepspeed/values.yaml
+++ b/bitnami/deepspeed/values.yaml
@@ -82,7 +82,7 @@ diagnosticMode:
 image:
   registry: docker.io
   repository: bitnami/deepspeed
-  tag: 0.14.4-debian-12-r12
+  tag: 0.15.1-debian-12-r1
   digest: ""
   ## Specify a imagePullPolicy
   ## Defaults to 'Always' if image tag is 'latest', else set to 'IfNotPresent'
@@ -1037,7 +1037,7 @@ worker:
 gitImage:
   registry: docker.io
   repository: bitnami/git
-  tag: 2.46.0-debian-12-r1
+  tag: 2.46.0-debian-12-r3
   digest: ""
   pullPolicy: IfNotPresent
   ## Optionally specify an array of imagePullSecrets.
@@ -1064,7 +1064,7 @@ volumePermissions:
   image:
     registry: docker.io
     repository: bitnami/os-shell
-    tag: 12-debian-12-r28
+    tag: 12-debian-12-r29
     digest: ""
     pullPolicy: IfNotPresent
     ## Optionally specify an array of imagePullSecrets.