diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index 954774b9..6f4ae371 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -11,7 +11,7 @@ opentelemetryProto = "1.3.2-alpha"
 
 # otel agent, we rely on the '*-alpha' and get the non-alpha dependencies transitively
 # updated from upstream agent with gradle/update-upstream.sh
-opentelemetryJavaagentAlpha = "2.16.0-alpha"
+opentelemetryJavaagentAlpha = "2.17.0-alpha"
 
 # otel contrib
 # updated from upstream agent with gradle/update-upstream.sh
@@ -21,8 +21,8 @@ opentelemetryContribAlpha = "1.46.0-alpha"
 # updated from upstream agent with gradle/update-upstream.sh
 # While the semconv stable/incubating artifacts are provided as transitive dependencies, keeping
 # an explicit version here allows to easily override to a not-yet-released version.
-opentelemetrySemconv = "1.32.0"
-opentelemetrySemconvAlpha = "1.32.0-alpha"
+opentelemetrySemconv = "1.34.0"
+opentelemetrySemconvAlpha = "1.34.0-alpha"
 
 [libraries]