diff --git a/dynamic-layers/meta-python/recipes-opencv/dldt/openvino-model-optimizer_2023.2.0.bb b/dynamic-layers/meta-python/recipes-opencv/dldt/openvino-model-optimizer_2023.3.0.bb
similarity index 92%
rename from dynamic-layers/meta-python/recipes-opencv/dldt/openvino-model-optimizer_2023.2.0.bb
rename to dynamic-layers/meta-python/recipes-opencv/dldt/openvino-model-optimizer_2023.3.0.bb
index 0b1683dc..51237d32 100644
--- a/dynamic-layers/meta-python/recipes-opencv/dldt/openvino-model-optimizer_2023.2.0.bb
+++ b/dynamic-layers/meta-python/recipes-opencv/dldt/openvino-model-optimizer_2023.3.0.bb
@@ -5,9 +5,9 @@ environment, performs static model analysis, and adjusts deep \
 learning models for optimal execution on end-point target devices."
 HOMEPAGE = "https://01.org/openvinotoolkit"
 
-SRC_URI = "git://github.com/openvinotoolkit/openvino.git;protocol=https;branch=releases/2023/2;lfs=0 \
+SRC_URI = "git://github.com/openvinotoolkit/openvino.git;protocol=https;branch=releases/2023/3;lfs=0 \
            "
-SRCREV = "cfd42bd2cb033929dd1858df3760bf23d967adac"
+SRCREV = "ceeafaf64f346c6f14a67c612e131da5c27ef620"
 
 LICENSE = "Apache-2.0"
 LIC_FILES_CHKSUM = "file://LICENSE;md5=86d3f3a95c324c9479bd8986968f4327"