diff --git a/examples/src/main/scala/sttp/tapir/examples/observability/Otel4sTracingExample.scala b/examples/src/main/scala/sttp/tapir/examples/observability/Otel4sTracingExample.scala
index 1ba3ef0b12..94131ab2d8 100644
--- a/examples/src/main/scala/sttp/tapir/examples/observability/Otel4sTracingExample.scala
+++ b/examples/src/main/scala/sttp/tapir/examples/observability/Otel4sTracingExample.scala
@@ -5,7 +5,7 @@
 //> using dep com.softwaremill.sttp.tapir::tapir-json-circe:1.11.12
 //> using dep com.softwaremill.sttp.tapir::tapir-opentelemetry-metrics:1.11.12
 //> using dep "org.typelevel::otel4s-oteljava:0.11.2"
-//> using dep "io.opentelemetry:opentelemetry-sdk-extension-autoconfigure:1.45.0"
+//> using dep "io.opentelemetry:opentelemetry-sdk-extension-autoconfigure:1.46.0"
 //> using dep org.slf4j:slf4j-api:2.0.16
 
 package sttp.tapir.examples.observability
diff --git a/project/Versions.scala b/project/Versions.scala
index be4852b50c..2561a6c894 100644
--- a/project/Versions.scala
+++ b/project/Versions.scala
@@ -60,7 +60,7 @@ object Versions {
   val fs2 = "3.11.0"
   val decline = "2.5.0"
   val quicklens = "1.9.11"
-  val openTelemetry = "1.45.0"
+  val openTelemetry = "1.46.0"
   val mockServer = "5.15.0"
   val dogstatsdClient = "4.4.3"
   val nettyAll = "4.1.116.Final"