diff --git a/buildSrc/src/main/kotlin/otel.errorprone-conventions.gradle.kts b/buildSrc/src/main/kotlin/otel.errorprone-conventions.gradle.kts
index 1fe3ddf1fc7..d639619949b 100644
--- a/buildSrc/src/main/kotlin/otel.errorprone-conventions.gradle.kts
+++ b/buildSrc/src/main/kotlin/otel.errorprone-conventions.gradle.kts
@@ -78,6 +78,10 @@ tasks {
         // Only used in comments, but couldn't SuppressWarnings for some reason
         disable("UnicodeEscape")
 
+        // We make liberal use of builders returning "this" which can be safely ignored. Annotating
+        // every one of these methods is too noisy.
+        disable("CanIgnoreReturnValueSuggester")
+
         if (name.contains("Jmh") || name.contains("Test")) {
           // Allow underscore in test-type method names
           disable("MemberName")
diff --git a/dependencyManagement/build.gradle.kts b/dependencyManagement/build.gradle.kts
index 07db50db181..90a7b660509 100644
--- a/dependencyManagement/build.gradle.kts
+++ b/dependencyManagement/build.gradle.kts
@@ -14,16 +14,16 @@ rootProject.extra["versions"] = dependencyVersions
 val DEPENDENCY_BOMS = listOf(
   "com.fasterxml.jackson:jackson-bom:2.13.3",
   "com.google.guava:guava-bom:31.1-jre",
-  "com.google.protobuf:protobuf-bom:3.21.2",
-  "com.linecorp.armeria:armeria-bom:1.17.1",
+  "com.google.protobuf:protobuf-bom:3.21.5",
+  "com.linecorp.armeria:armeria-bom:1.18.0",
   "com.squareup.okhttp3:okhttp-bom:4.10.0",
-  "io.grpc:grpc-bom:1.47.0",
-  "io.micrometer:micrometer-bom:1.9.2",
-  "io.zipkin.brave:brave-bom:5.13.10",
+  "io.grpc:grpc-bom:1.49.0",
+  "io.micrometer:micrometer-bom:1.9.3",
+  "io.zipkin.brave:brave-bom:5.13.11",
   "io.zipkin.reporter2:zipkin-reporter-bom:2.16.3",
-  "org.junit:junit-bom:5.8.2",
+  "org.junit:junit-bom:5.9.0",
   "org.testcontainers:testcontainers-bom:1.17.3",
-  "org.yaml:snakeyaml:1.30"
+  "org.yaml:snakeyaml:1.31"
 )
 
 val DEPENDENCY_SETS = listOf(
@@ -34,7 +34,7 @@ val DEPENDENCY_SETS = listOf(
   ),
   DependencySet(
     "com.google.errorprone",
-    "2.14.0",
+    "2.15.0",
     listOf("error_prone_annotations", "error_prone_core")
   ),
   DependencySet(
@@ -65,12 +65,12 @@ val DEPENDENCY_SETS = listOf(
   ),
   DependencySet(
     "org.mockito",
-    "4.6.1",
+    "4.7.0",
     listOf("mockito-core", "mockito-junit-jupiter")
   ),
   DependencySet(
     "org.slf4j",
-    "1.7.36",
+    "2.0.0",
     listOf("jul-to-slf4j", "slf4j-simple")
   ),
 )
@@ -83,7 +83,7 @@ val DEPENDENCIES = listOf(
   "com.lmax:disruptor:3.4.4",
   "com.sun.net.httpserver:http:20070405",
   "com.tngtech.archunit:archunit-junit5:0.23.1",
-  "com.uber.nullaway:nullaway:0.9.8",
+  "com.uber.nullaway:nullaway:0.9.9",
   // TODO(anuraaga): Skip 1.8 because of https://github.com/rohanpadhye/JQF/issues/172
   "edu.berkeley.cs.jqf:jqf-fuzz:1.7",
   "eu.rekawek.toxiproxy:toxiproxy-java:2.1.7",
@@ -92,11 +92,11 @@ val DEPENDENCIES = listOf(
   "io.opentelemetry.proto:opentelemetry-proto:0.19.0-alpha",
   "io.opentracing:opentracing-api:0.33.0",
   "junit:junit:4.13.2",
-  "nl.jqno.equalsverifier:equalsverifier:3.10",
+  "nl.jqno.equalsverifier:equalsverifier:3.10.1",
   "org.assertj:assertj-core:3.23.1",
   "org.awaitility:awaitility:4.2.0",
   "org.bouncycastle:bcpkix-jdk15on:1.70",
-  "org.codehaus.mojo:animal-sniffer-annotations:1.21",
+  "org.codehaus.mojo:animal-sniffer-annotations:1.22",
   "org.jctools:jctools-core:3.3.0",
   "org.junit-pioneer:junit-pioneer:1.7.1",
   "org.skyscreamer:jsonassert:1.5.1",
diff --git a/gradle/wrapper/gradle-wrapper.properties b/gradle/wrapper/gradle-wrapper.properties
index 012d6d90445..b916c04dbb2 100644
--- a/gradle/wrapper/gradle-wrapper.properties
+++ b/gradle/wrapper/gradle-wrapper.properties
@@ -1,6 +1,6 @@
 distributionBase=GRADLE_USER_HOME
 distributionPath=wrapper/dists
-distributionSha256Sum=cb87f222c5585bd46838ad4db78463a5c5f3d336e5e2b98dc7c0c586527351c2
-distributionUrl=https\://services.gradle.org/distributions/gradle-7.5-bin.zip
+distributionSha256Sum=f6b8596b10cce501591e92f229816aa4046424f3b24d771751b06779d58c8ec4
+distributionUrl=https\://services.gradle.org/distributions/gradle-7.5.1-bin.zip
 zipStoreBase=GRADLE_USER_HOME
 zipStorePath=wrapper/dists