diff --git a/pyproject.toml b/pyproject.toml
index 8b14ab6..3591703 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -29,7 +29,7 @@ dependencies = [
   "frequenz-channels >= 1.8.0, < 2",
   "grpcio >= 1.59, < 2",
   "protobuf >= 5.29.2, < 7",
-  "typing-extensions >= 4.6.0, < 5",
+  "typing-extensions >= 4.12.0, < 5",
 ]
 dynamic = ["version"]
 
@@ -78,7 +78,7 @@ dev-pytest = [
   "pytest == 8.3.5",
   "frequenz-repo-config[extra-lint-examples] == 0.13.5",
   "pytest-mock == 3.14.1",
-  "pytest-asyncio == 1.1.0",
+  "pytest-asyncio == 1.2.0",
   "async-solipsism == 0.8",
   "hypothesis == 6.132.0",
   "frequenz-client-base",