diff --git a/pyproject.toml b/pyproject.toml
index cec219ce..23dfbc66 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -26,7 +26,7 @@ classifiers = [
 ]
 requires-python = ">= 3.11, < 4"
 dependencies = [
-  "typing-extensions >= 4.6.0, < 5",
+  "typing-extensions >= 4.12.0, < 5",
   "watchfiles >= 0.15.0, < 1.2.0",
 ]
 dynamic = ["version"]
@@ -77,7 +77,7 @@ dev-pytest = [
   "frequenz-repo-config[extra-lint-examples] == 0.13.5",
   "hypothesis == 6.140.2",
   "pytest == 8.4.2",
-  "pytest-asyncio == 1.1.0",
+  "pytest-asyncio == 1.2.0",
   "pytest-mock == 3.15.1",
 ]
 dev = [