diff --git a/requirements.txt b/requirements.txt
index 4904b422a90..257b3ccbd72 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -307,7 +307,7 @@ torch-fidelity==0.3.0
 torchmetrics==0.11.4
 torchvision~=0.16.2
 tqdm==4.66.4
-transformers==4.41.2
+transformers==5.5.0
 transformers-stream-generator==0.0.5
 trio==0.25.1
 trio-websocket==0.11.1
diff --git a/setup.cfg b/setup.cfg
index 8416581de21..5ba28ed554d 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -53,7 +53,7 @@ install_requires=
     scikit-learn~=1.1
 
     # Models and Metrics Extras
-    transformers~=4.40  # For anthropic_client, vision_language.huggingface_vlm_client, huggingface_client, huggingface_tokenizer, test_openai_token_cost_estimator, model_summac (via summarization_metrics)
+    transformers~=5.5  # For anthropic_client, vision_language.huggingface_vlm_client, huggingface_client, huggingface_tokenizer, test_openai_token_cost_estimator, model_summac (via summarization_metrics)
     # TODO: Upgrade torch - we need > 2.0.0 for newer versions of transformers
     torch>=1.13.1,<3.0.0  # For huggingface_client, yalm_tokenizer, model_summac (via summarization_metrics)
     torchvision>=0.14.1,<3.0.0  # For huggingface_client, yalm_tokenizer, model_summac (via summarization_metrics)