diff --git a/Cargo.toml b/Cargo.toml
index 2a60194..1f374f9 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -52,10 +52,10 @@ thiserror = "1"
 sysinfo = { version = "0.30", optional = true }
 
 [dev-dependencies]
-async-std = { version = "1.10.0", features = ["attributes"] }
+async-std = { version = "1.12.0", features = ["attributes"] }
 doc-comment = "0.3.3"
-env_logger = "0.11.2"
-insta = "1.13.0"
+env_logger = "0.11.3"
+insta = "1.39.0"
 isahc = "1.7.2"
 log = { version = "0.4", features = ["kv", "kv_sval"] }
 opentelemetry_sdk = { version = "0.23", features = ["rt-async-std", "rt-tokio", "rt-tokio-current-thread", "logs_level_enabled"] }
@@ -63,11 +63,11 @@ opentelemetry-http = { version = "0.12", features = ["reqwest"] }
 opentelemetry-appender-log = { version = "0.4", features = ["with-serde"] }
 opentelemetry-application-insights = { path = ".", features = ["logs", "live-metrics"] }
 rand = "0.8.5"
-regex = "1.5.5"
+regex = "1.10.5"
 reqwest = { version = "0.11", features = ["blocking"] }
-test-case = "3.0.0"
-tokio = { version = "1.17.0", features = ["rt-multi-thread", "macros", "process", "time"] }
-version-sync = { version = "0.9.4", default-features = false, features = ["html_root_url_updated", "contains_regex"] }
+test-case = "3.3.1"
+tokio = { version = "1.38.0", features = ["rt-multi-thread", "macros", "process", "time"] }
+version-sync = { version = "0.9.5", default-features = false, features = ["html_root_url_updated", "contains_regex"] }
 
 [badges]
 github = { repository = "frigus02/opentelemetry-application-insights", workflow = "CI" }
diff --git a/examples/tracing/Cargo.toml b/examples/tracing/Cargo.toml
index f1fb95b..1f4f9c3 100644
--- a/examples/tracing/Cargo.toml
+++ b/examples/tracing/Cargo.toml
@@ -5,13 +5,14 @@ authors = ["Jan Kuehle <jkuehle90@gmail.com>"]
 edition = "2018"
 
 [dependencies]
-opentelemetry = { version = "0.20.0", features = ["rt-tokio"] }
-opentelemetry-http = { version = "0.9.0", features = ["reqwest"] }
-opentelemetry-application-insights = { version = "0.27.0" }
+opentelemetry = "0.23.0"
+opentelemetry_sdk = { version = "0.23.0", features = ["rt-tokio"] }
+opentelemetry-http = { version = "0.12.0", features = ["reqwest"] }
+opentelemetry-application-insights = { version = "0.33.0" }
 reqwest = "0.11"
 tokio = { version = "1", features = ["rt", "rt-multi-thread", "macros", "process", "time"] }
-tracing = "0.1.37"
-tracing-attributes = "0.1.26"
+tracing = "0.1.40"
+tracing-attributes = "0.1.27"
 tracing-futures = "0.2.5"
-tracing-opentelemetry = "0.20.0"
-tracing-subscriber = "0.3.17"
+tracing-opentelemetry = "0.24.0"
+tracing-subscriber = "0.3.18"
diff --git a/examples/tracing/src/main.rs b/examples/tracing/src/main.rs
index 54ff4a2..3545fe4 100644
--- a/examples/tracing/src/main.rs
+++ b/examples/tracing/src/main.rs
@@ -1,4 +1,5 @@
-use opentelemetry::{propagation::TextMapPropagator, sdk::propagation::TraceContextPropagator};
+use opentelemetry::propagation::TextMapPropagator;
+use opentelemetry_sdk::propagation::TraceContextPropagator;
 use std::collections::HashMap;
 use std::env;
 use std::error::Error;
@@ -48,7 +49,7 @@ async fn main() -> Result<(), Box<dyn Error>> {
     let tracer = opentelemetry_application_insights::new_pipeline_from_env()
         .expect("env var APPLICATIONINSIGHTS_CONNECTION_STRING should exist")
         .with_client(reqwest::Client::new())
-        .install_batch(opentelemetry::runtime::Tokio);
+        .install_batch(opentelemetry_sdk::runtime::Tokio);
     let telemetry = tracing_opentelemetry::layer().with_tracer(tracer);
     let subscriber = Registry::default().with(telemetry);
     tracing::subscriber::set_global_default(subscriber).expect("setting global default failed");