diff --git a/sdk/python/kubeflow/storage_initializer/requirements.txt b/sdk/python/kubeflow/storage_initializer/requirements.txt
index 4aa157c00c..5f6ddc8891 100644
--- a/sdk/python/kubeflow/storage_initializer/requirements.txt
+++ b/sdk/python/kubeflow/storage_initializer/requirements.txt
@@ -1,4 +1,4 @@
 peft==0.3.0
 datasets==2.21.0
-transformers==4.38.0
+transformers==4.48.0
 boto3==1.33.9