diff --git a/src/build.cake b/src/build.cake
index cef8cc08..d05f9a77 100644
--- a/src/build.cake
+++ b/src/build.cake
@@ -46,7 +46,7 @@ var nodeBinaryUrl = "https://github.com/sourcegraph/node-binaries/raw/main/v20.1
 var nodeArmBinaryUrl = "https://github.com/sourcegraph/node-binaries/raw/main/v20.12.2/node-win-arm64.exe";
 
 // The latest tag of the stable release from the cody repository https://github.com/sourcegraph/cody/tags
-var codyStableReleaseTag = "vscode-v1.38.1";
+var codyStableReleaseTag = "vscode-v1.40.0";
 var codyBranch = Argument("cody-branch", codyStableReleaseTag);
 
 var marketplaceToken = EnvironmentVariable("CODY_VS_MARKETPLACE_RELEASE_TOKEN");