diff --git a/assemblyai/__version__.py b/assemblyai/__version__.py
index 3158ac8..f2897f3 100644
--- a/assemblyai/__version__.py
+++ b/assemblyai/__version__.py
@@ -1 +1 @@
-__version__ = "0.48.0"
+__version__ = "0.48.1"
diff --git a/assemblyai/types.py b/assemblyai/types.py
index e2fa01e..536525a 100644
--- a/assemblyai/types.py
+++ b/assemblyai/types.py
@@ -1,3 +1,4 @@
+import sys
 from datetime import datetime
 from enum import Enum, EnumMeta
 from typing import (
@@ -24,7 +25,14 @@
 
     pydantic_v2 = True
 except ImportError:
-    # pydantic v1 import
+    # Python 3.14+ requires Pydantic V2
+    if sys.version_info >= (3, 14):
+        raise ImportError(
+            "Python 3.14 or greater requires Pydantic V2 and pydantic-settings. "
+            "Please install with: pip install 'pydantic>=2.0' 'pydantic-settings>=2.0'"
+        ) from None
+
+    # pydantic v1 import (fallback for Python < 3.14)
     from pydantic.v1 import UUID4, BaseModel, BaseSettings, ConfigDict, Field, validator
 
     pydantic_v2 = False
diff --git a/setup.py b/setup.py
index 8e7e05d..6657b90 100644
--- a/setup.py
+++ b/setup.py
@@ -21,7 +21,9 @@ def get_version() -> str:
     packages=find_packages(exclude=["tests", "tests.*"]),
     install_requires=[
         "httpx>=0.19.0",
-        "pydantic>=1.10.17",
+        "pydantic>=2.0; python_version>='3.14'",
+        "pydantic>=1.10.17; python_version<'3.14'",
+        "pydantic-settings>=2.0; python_version>='3.14'",
         "typing-extensions>=3.7",
         "websockets>=11.0",
     ],
@@ -42,6 +44,9 @@ def get_version() -> str:
         "Programming Language :: Python :: 3.9",
         "Programming Language :: Python :: 3.10",
         "Programming Language :: Python :: 3.11",
+        "Programming Language :: Python :: 3.12",
+        "Programming Language :: Python :: 3.13",
+        "Programming Language :: Python :: 3.14",
     ],
     long_description=long_description,
     long_description_content_type="text/markdown",