diff --git a/install_requirements.sh b/install_requirements.sh
index 7918ea7e1b8..641048ba878 100755
--- a/install_requirements.sh
+++ b/install_requirements.sh
@@ -63,8 +63,8 @@ TORCH_URL="https://download.pytorch.org/whl/test/cpu"
 
 # pip packages needed by exir.
 EXIR_REQUIREMENTS=(
-  torch=="2.3.0"
-  torchvision=="0.18.0"
+  torch=="2.3.1"
+  torchvision=="0.18.1"
 )
 
 # pip packages needed for development.
@@ -81,7 +81,7 @@ DEVEL_REQUIREMENTS=(
 # TODO(dbort): Make each example publish its own requirements.txt
 EXAMPLES_REQUIREMENTS=(
   timm==0.6.13
-  torchaudio=="2.3.0"
+  torchaudio=="2.3.1"
   torchsr==1.0.4
   transformers==4.38.2
 )
diff --git a/pyproject.toml b/pyproject.toml
index 732a00b6047..2c727e3cf80 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -60,9 +60,9 @@ dependencies=[
   "ruamel.yaml",
   "sympy",
   "tabulate",
-  "torch==2.3",
-  "torchvision==0.18",
-  "torchaudio==2.3",
+  "torch==2.3.1",
+  "torchvision==0.18.1",
+  "torchaudio==2.3.1",
 ]
 
 [project.urls]
diff --git a/third-party/pytorch b/third-party/pytorch
index 23961cef856..63d5e9221be 160000
--- a/third-party/pytorch
+++ b/third-party/pytorch
@@ -1 +1 @@
-Subproject commit 23961cef8565b2d01db5280ab518939b74bd5ff5
+Subproject commit 63d5e9221bedd1546b7d364b5ce4171547db12a9