diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index 21cadbf8..2223803b 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -8,7 +8,7 @@ groovy = "4.0.17"
 spock = "2.3-groovy-4.0"
 
 managed-brave-instrumentation = '6.0.3'
-managed-opentelemetry = '1.43.0'
+managed-opentelemetry = '1.47.0'
 managed-opentelemetry-alpha = '1.40.0-alpha'
 managed-opentelemetry-instrumentation = '1.33.6'
 managed-opentelemetry-instrumentation-alpha = '1.33.5-alpha'
diff --git a/tracing-bom/build.gradle b/tracing-bom/build.gradle
index aa42ffa0..159e3f9c 100644
--- a/tracing-bom/build.gradle
+++ b/tracing-bom/build.gradle
@@ -44,9 +44,9 @@ micronautBom {
                         "io.zipkin.proto3"
                 ] as Set
         )
-        dependencies.add("io.opentelemetry:opentelemetry-bom:1.41.0")
+        dependencies.add("io.opentelemetry:opentelemetry-bom:1.47.0")
         dependencies.add("io.opentelemetry.instrumentation:opentelemetry-instrumentation-bom:1.33.6")
-        dependencies.add("io.opentelemetry:opentelemetry-bom:1.40.0")
+        dependencies.add("io.opentelemetry:opentelemetry-bom:1.47.0")
         dependencies.add("io.opentelemetry:opentelemetry-bom-alpha:1.40.0-alpha")
         dependencies.add("io.opentelemetry.instrumentation:opentelemetry-instrumentation-bom:1.33.6")
         dependencies.add("io.opentelemetry.instrumentation:opentelemetry-instrumentation-bom-alpha:1.33.5-alpha")