diff --git a/dependencyManagement/build.gradle.kts b/dependencyManagement/build.gradle.kts
index 029b46af20e6..1d3110679028 100644
--- a/dependencyManagement/build.gradle.kts
+++ b/dependencyManagement/build.gradle.kts
@@ -8,7 +8,7 @@ val dependencyVersions = hashMapOf<String, String>()
 rootProject.extra["versions"] = dependencyVersions
 
 // this line is managed by .github/scripts/update-sdk-version.sh
-val otelSdkVersion = "1.32.0"
+val otelSdkVersion = "1.33.0"
 val otelSdkAlphaVersion = otelSdkVersion.replaceFirst("(-SNAPSHOT)?$".toRegex(), "-alpha$1")
 
 // Need both BOM and groovy jars
diff --git a/examples/distro/build.gradle b/examples/distro/build.gradle
index 3be239f97c70..6a6be83dc6b9 100644
--- a/examples/distro/build.gradle
+++ b/examples/distro/build.gradle
@@ -27,7 +27,7 @@ subprojects {
   ext {
     versions = [
       // this line is managed by .github/scripts/update-sdk-version.sh
-      opentelemetrySdk           : "1.32.0",
+      opentelemetrySdk           : "1.33.0",
 
       // these lines are managed by .github/scripts/update-version.sh
       opentelemetryJavaagent     : "1.33.0-SNAPSHOT",
diff --git a/examples/extension/build.gradle b/examples/extension/build.gradle
index 1eedc21918eb..4dcae902195a 100644
--- a/examples/extension/build.gradle
+++ b/examples/extension/build.gradle
@@ -23,7 +23,7 @@ version '1.0'
 ext {
   versions = [
     // this line is managed by .github/scripts/update-sdk-version.sh
-    opentelemetrySdk           : "1.32.0",
+    opentelemetrySdk           : "1.33.0",
 
     // these lines are managed by .github/scripts/update-version.sh
     opentelemetryJavaagent     : "1.33.0-SNAPSHOT",
diff --git a/licenses/licenses.md b/licenses/licenses.md
index dc816e043542..b8de62b8f14e 100644
--- a/licenses/licenses.md
+++ b/licenses/licenses.md
@@ -1,7 +1,7 @@
 
 # javaagent
 ## Dependency License Report
-_2023-11-20 15:39:08 PST_
+_2023-12-08 20:56:42 UTC_
 ## Apache License, Version 2.0
 
 **1** **Group:** `com.blogspot.mydailyjava` **Name:** `weak-lock-free` **Version:** `0.18`
@@ -58,99 +58,99 @@ _2023-11-20 15:39:08 PST_
 > - **POM Project URL**: [https://github.com/square/okio/](https://github.com/square/okio/)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**10** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api` **Version:** `1.32.0`
+**10** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [http://www.apache.org/licenses/LICENSE-2.0](http://www.apache.org/licenses/LICENSE-2.0)
 
-**11** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api-events` **Version:** `1.32.0-alpha`
+**11** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api-events` **Version:** `1.33.0-alpha`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [http://www.apache.org/licenses/LICENSE-2.0](http://www.apache.org/licenses/LICENSE-2.0)
 
-**12** **Group:** `io.opentelemetry` **Name:** `opentelemetry-context` **Version:** `1.32.0`
+**12** **Group:** `io.opentelemetry` **Name:** `opentelemetry-context` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [http://www.apache.org/licenses/LICENSE-2.0](http://www.apache.org/licenses/LICENSE-2.0)
 
-**13** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-common` **Version:** `1.32.0`
+**13** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-common` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**14** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-jaeger` **Version:** `1.32.0`
+**14** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-jaeger` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**15** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-logging` **Version:** `1.32.0`
+**15** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-logging` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**16** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-logging-otlp` **Version:** `1.32.0`
+**16** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-logging-otlp` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**17** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp` **Version:** `1.32.0`
+**17** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**18** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp-common` **Version:** `1.32.0`
+**18** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp-common` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**19** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-prometheus` **Version:** `1.32.0-alpha`
+**19** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-prometheus` **Version:** `1.33.0-alpha`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**20** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-sender-okhttp` **Version:** `1.32.0`
+**20** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-sender-okhttp` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**21** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-zipkin` **Version:** `1.32.0`
+**21** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-zipkin` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**22** **Group:** `io.opentelemetry` **Name:** `opentelemetry-extension-incubator` **Version:** `1.32.0-alpha`
+**22** **Group:** `io.opentelemetry` **Name:** `opentelemetry-extension-incubator` **Version:** `1.33.0-alpha`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [http://www.apache.org/licenses/LICENSE-2.0](http://www.apache.org/licenses/LICENSE-2.0)
 
-**23** **Group:** `io.opentelemetry` **Name:** `opentelemetry-extension-kotlin` **Version:** `1.32.0`
+**23** **Group:** `io.opentelemetry` **Name:** `opentelemetry-extension-kotlin` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**24** **Group:** `io.opentelemetry` **Name:** `opentelemetry-extension-trace-propagators` **Version:** `1.32.0`
+**24** **Group:** `io.opentelemetry` **Name:** `opentelemetry-extension-trace-propagators` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**25** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk` **Version:** `1.32.0`
+**25** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**26** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-common` **Version:** `1.32.0`
+**26** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-common` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**27** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-extension-autoconfigure` **Version:** `1.32.0`
+**27** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-extension-autoconfigure` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**28** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-extension-autoconfigure-spi` **Version:** `1.32.0`
+**28** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-extension-autoconfigure-spi` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**29** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-extension-incubator` **Version:** `1.32.0-alpha`
+**29** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-extension-incubator` **Version:** `1.33.0-alpha`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**30** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-extension-jaeger-remote-sampler` **Version:** `1.32.0`
+**30** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-extension-jaeger-remote-sampler` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**31** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-logs` **Version:** `1.32.0`
+**31** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-logs` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**32** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-metrics` **Version:** `1.32.0`
+**32** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-metrics` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**33** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-trace` **Version:** `1.32.0`
+**33** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-trace` **Version:** `1.33.0`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
@@ -189,15 +189,15 @@ _2023-11-20 15:39:08 PST_
 > - **POM Project URL**: [http://www.jetbrains.org](http://www.jetbrains.org)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**41** **Group:** `org.jetbrains.kotlin` **Name:** `kotlin-stdlib` **Version:** `1.9.20`
+**41** **Group:** `org.jetbrains.kotlin` **Name:** `kotlin-stdlib` **Version:** `1.9.21`
 > - **POM Project URL**: [https://kotlinlang.org/](https://kotlinlang.org/)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**42** **Group:** `org.jetbrains.kotlin` **Name:** `kotlin-stdlib-jdk7` **Version:** `1.9.20`
+**42** **Group:** `org.jetbrains.kotlin` **Name:** `kotlin-stdlib-jdk7` **Version:** `1.9.21`
 > - **POM Project URL**: [https://kotlinlang.org/](https://kotlinlang.org/)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**43** **Group:** `org.jetbrains.kotlin` **Name:** `kotlin-stdlib-jdk8` **Version:** `1.9.20`
+**43** **Group:** `org.jetbrains.kotlin` **Name:** `kotlin-stdlib-jdk8` **Version:** `1.9.21`
 > - **POM Project URL**: [https://kotlinlang.org/](https://kotlinlang.org/)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
@@ -299,4 +299,4 @@ _2023-11-20 15:39:08 PST_
 
 **58** **Group:** `com.squareup.okio` **Name:** `okio` **Version:** `3.6.0`
 
-**59** **Group:** `org.jetbrains.kotlin` **Name:** `kotlin-stdlib-common` **Version:** `1.9.20`
+**59** **Group:** `org.jetbrains.kotlin` **Name:** `kotlin-stdlib-common` **Version:** `1.9.21`
diff --git a/opentelemetry-api-shaded-for-instrumenting/build.gradle.kts b/opentelemetry-api-shaded-for-instrumenting/build.gradle.kts
index 60cd936f3a39..8075e3ebd2d5 100644
--- a/opentelemetry-api-shaded-for-instrumenting/build.gradle.kts
+++ b/opentelemetry-api-shaded-for-instrumenting/build.gradle.kts
@@ -43,6 +43,7 @@ val v1_32Deps by configurations.creating {
   isCanBeConsumed = false
   // exclude the bom added by dependencyManagement
   exclude("io.opentelemetry", "opentelemetry-bom")
+  exclude("io.opentelemetry", "opentelemetry-bom-alpha")
 }
 
 // configuration for publishing the shadowed artifact