diff --git a/poetry.lock b/poetry.lock
index f155c4f6b..224720e18 100644
--- a/poetry.lock
+++ b/poetry.lock
@@ -914,13 +914,13 @@ files = [
 
 [[package]]
 name = "opentelemetry-api"
-version = "1.15.0"
+version = "1.16.0"
 description = "OpenTelemetry Python API"
 optional = false
 python-versions = ">=3.7"
 files = [
-    {file = "opentelemetry_api-1.15.0-py3-none-any.whl", hash = "sha256:e6c2d2e42140fd396e96edf75a7ceb11073f4efb4db87565a431cc9d0f93f2e0"},
-    {file = "opentelemetry_api-1.15.0.tar.gz", hash = "sha256:79ab791b4aaad27acc3dc3ba01596db5b5aac2ef75c70622c6038051d6c2cded"},
+    {file = "opentelemetry_api-1.16.0-py3-none-any.whl", hash = "sha256:79e8f0cf88dbdd36b6abf175d2092af1efcaa2e71552d0d2b3b181a9707bf4bc"},
+    {file = "opentelemetry_api-1.16.0.tar.gz", hash = "sha256:4b0e895a3b1f5e1908043ebe492d33e33f9ccdbe6d02d3994c2f8721a63ddddb"},
 ]
 
 [package.dependencies]
@@ -1050,30 +1050,30 @@ protobuf = ">=3.19,<5.0"
 
 [[package]]
 name = "opentelemetry-sdk"
-version = "1.15.0"
+version = "1.16.0"
 description = "OpenTelemetry Python SDK"
 optional = false
 python-versions = ">=3.7"
 files = [
-    {file = "opentelemetry_sdk-1.15.0-py3-none-any.whl", hash = "sha256:555c533e9837766119bbccc7a80458c9971d853a6f1da683a2246cd5e53b4645"},
-    {file = "opentelemetry_sdk-1.15.0.tar.gz", hash = "sha256:98dbffcfeebcbff12c0c974292d6ea603180a145904cf838b1fe4d5c99078425"},
+    {file = "opentelemetry_sdk-1.16.0-py3-none-any.whl", hash = "sha256:15f03915eec4839f885a5e6ed959cde59b8690c8c012d07c95b4b138c98dc43f"},
+    {file = "opentelemetry_sdk-1.16.0.tar.gz", hash = "sha256:4d3bb91e9e209dbeea773b5565d901da4f76a29bf9dbc1c9500be3cabb239a4e"},
 ]
 
 [package.dependencies]
-opentelemetry-api = "1.15.0"
-opentelemetry-semantic-conventions = "0.36b0"
+opentelemetry-api = "1.16.0"
+opentelemetry-semantic-conventions = "0.37b0"
 setuptools = ">=16.0"
 typing-extensions = ">=3.7.4"
 
 [[package]]
 name = "opentelemetry-semantic-conventions"
-version = "0.36b0"
+version = "0.37b0"
 description = "OpenTelemetry Semantic Conventions"
 optional = false
 python-versions = ">=3.7"
 files = [
-    {file = "opentelemetry_semantic_conventions-0.36b0-py3-none-any.whl", hash = "sha256:adc05635e87b9d3e007c9f530eed487fc3ef2177d02f82f674f28ebf9aff8243"},
-    {file = "opentelemetry_semantic_conventions-0.36b0.tar.gz", hash = "sha256:829dc221795467d98b773c04096e29be038d77526dc8d6ac76f546fb6279bf01"},
+    {file = "opentelemetry_semantic_conventions-0.37b0-py3-none-any.whl", hash = "sha256:462982278a42dab01f68641cd89f8460fe1f93e87c68a012a76fb426dcdba5ee"},
+    {file = "opentelemetry_semantic_conventions-0.37b0.tar.gz", hash = "sha256:087ce2e248e42f3ffe4d9fa2303111de72bb93baa06a0f4655980bc1557c4228"},
 ]
 
 [[package]]
@@ -2043,4 +2043,4 @@ testing = ["big-O", "jaraco.functools", "jaraco.itertools", "more-itertools", "p
 [metadata]
 lock-version = "2.0"
 python-versions = ">=3.8,<3.11"
-content-hash = "2c8e39ac94a55fe5bc581cb40e0a6bd16bd3ba1982904d82ce331373faf0f58b"
+content-hash = "5e651dd5ff7e36fd23475bbf22933685f21524d66c5bf9f630fd9c337c5d405b"
diff --git a/pyproject.toml b/pyproject.toml
index ef13ce331..742daa9ce 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -85,8 +85,8 @@ prompt-toolkit = "^3.0,<3.0.29"
 "ruamel.yaml" = ">=0.16.5,<0.18.0"
 websockets = ">=10.0,<12.0"
 pluggy = "^1.0.0"
-opentelemetry-api = "~1.15.0"
-opentelemetry-sdk = "~1.15.0"
+opentelemetry-api = "1.16.0"
+opentelemetry-sdk = "1.16.0"
 opentelemetry-exporter-jaeger = "~1.15.0"
 opentelemetry-exporter-otlp = "~1.15.0"
 grpcio = "1.59.3"