diff --git a/go.mod b/go.mod
index da3a688bc351..425a32d7f1e0 100644
--- a/go.mod
+++ b/go.mod
@@ -1,6 +1,6 @@
 module github.com/aws/karpenter-provider-aws
 
-go 1.23.0
+go 1.23.2
 
 require (
 	github.com/Pallinder/go-randomdata v1.2.0
@@ -31,14 +31,14 @@ require (
 	go.uber.org/zap v1.27.0
 	golang.org/x/exp v0.0.0-20240719175910-8a7402abbf56
 	golang.org/x/sync v0.8.0
-	k8s.io/api v0.31.1
-	k8s.io/apiextensions-apiserver v0.31.1
-	k8s.io/apimachinery v0.31.1
-	k8s.io/client-go v0.31.1
+	k8s.io/api v0.31.2
+	k8s.io/apiextensions-apiserver v0.31.2
+	k8s.io/apimachinery v0.31.2
+	k8s.io/client-go v0.31.2
 	k8s.io/klog/v2 v2.130.1
 	k8s.io/utils v0.0.0-20240711033017-18e509b52bc8
-	sigs.k8s.io/controller-runtime v0.19.0
-	sigs.k8s.io/karpenter v1.0.1-0.20241023214052-1c22eda55698
+	sigs.k8s.io/controller-runtime v0.19.1
+	sigs.k8s.io/karpenter v1.0.1-0.20241031204729-e438062172ab
 	sigs.k8s.io/yaml v1.4.0
 )
 
@@ -114,9 +114,9 @@ require (
 	gopkg.in/inf.v0 v0.9.1 // indirect
 	gopkg.in/yaml.v2 v2.4.0 // indirect
 	gopkg.in/yaml.v3 v3.0.1 // indirect
-	k8s.io/cloud-provider v0.31.1 // indirect
-	k8s.io/component-base v0.31.1 // indirect
-	k8s.io/csi-translation-lib v0.31.1 // indirect
+	k8s.io/cloud-provider v0.31.2 // indirect
+	k8s.io/component-base v0.31.2 // indirect
+	k8s.io/csi-translation-lib v0.31.2 // indirect
 	k8s.io/kube-openapi v0.0.0-20240228011516-70dd3763d340 // indirect
 	sigs.k8s.io/json v0.0.0-20221116044647-bc3834ca7abd // indirect
 	sigs.k8s.io/structured-merge-diff/v4 v4.4.1 // indirect
diff --git a/go.sum b/go.sum
index 5cc1abdef1eb..ea901169043e 100644
--- a/go.sum
+++ b/go.sum
@@ -288,32 +288,32 @@ gopkg.in/yaml.v2 v2.4.0/go.mod h1:RDklbk79AGWmwhnvt/jBztapEOGDOx6ZbXqjP6csGnQ=
 gopkg.in/yaml.v3 v3.0.0-20200313102051-9f266ea9e77c/go.mod h1:K4uyk7z7BCEPqu6E+C64Yfv1cQ7kz7rIZviUmN+EgEM=
 gopkg.in/yaml.v3 v3.0.1 h1:fxVm/GzAzEWqLHuvctI91KS9hhNmmWOoWu0XTYJS7CA=
 gopkg.in/yaml.v3 v3.0.1/go.mod h1:K4uyk7z7BCEPqu6E+C64Yfv1cQ7kz7rIZviUmN+EgEM=
-k8s.io/api v0.31.1 h1:Xe1hX/fPW3PXYYv8BlozYqw63ytA92snr96zMW9gWTU=
-k8s.io/api v0.31.1/go.mod h1:sbN1g6eY6XVLeqNsZGLnI5FwVseTrZX7Fv3O26rhAaI=
-k8s.io/apiextensions-apiserver v0.31.1 h1:L+hwULvXx+nvTYX/MKM3kKMZyei+UiSXQWciX/N6E40=
-k8s.io/apiextensions-apiserver v0.31.1/go.mod h1:tWMPR3sgW+jsl2xm9v7lAyRF1rYEK71i9G5dRtkknoQ=
-k8s.io/apimachinery v0.31.1 h1:mhcUBbj7KUjaVhyXILglcVjuS4nYXiwC+KKFBgIVy7U=
-k8s.io/apimachinery v0.31.1/go.mod h1:rsPdaZJfTfLsNJSQzNHQvYoTmxhoOEofxtOsF3rtsMo=
-k8s.io/client-go v0.31.1 h1:f0ugtWSbWpxHR7sjVpQwuvw9a3ZKLXX0u0itkFXufb0=
-k8s.io/client-go v0.31.1/go.mod h1:sKI8871MJN2OyeqRlmA4W4KM9KBdBUpDLu/43eGemCg=
-k8s.io/cloud-provider v0.31.1 h1:40b6AgDizwm5eWratZbqubTHMob25VWr6NX2Ei5TwZA=
-k8s.io/cloud-provider v0.31.1/go.mod h1:xAdkE7fdZdu9rKLuOZUMBfagu7bM+bas3iPux/2nLGg=
-k8s.io/component-base v0.31.1 h1:UpOepcrX3rQ3ab5NB6g5iP0tvsgJWzxTyAo20sgYSy8=
-k8s.io/component-base v0.31.1/go.mod h1:WGeaw7t/kTsqpVTaCoVEtillbqAhF2/JgvO0LDOMa0w=
-k8s.io/csi-translation-lib v0.31.1 h1:ps9kya8+ih0CVL59JO2B4AYH8U/e3WLQxl9sx19NjjM=
-k8s.io/csi-translation-lib v0.31.1/go.mod h1:VeYSucPZJbAt6RT25AzfG7WjyxCcmqxtr4V/CaDdNZc=
+k8s.io/api v0.31.2 h1:3wLBbL5Uom/8Zy98GRPXpJ254nEFpl+hwndmk9RwmL0=
+k8s.io/api v0.31.2/go.mod h1:bWmGvrGPssSK1ljmLzd3pwCQ9MgoTsRCuK35u6SygUk=
+k8s.io/apiextensions-apiserver v0.31.2 h1:W8EwUb8+WXBLu56ser5IudT2cOho0gAKeTOnywBLxd0=
+k8s.io/apiextensions-apiserver v0.31.2/go.mod h1:i+Geh+nGCJEGiCGR3MlBDkS7koHIIKWVfWeRFiOsUcM=
+k8s.io/apimachinery v0.31.2 h1:i4vUt2hPK56W6mlT7Ry+AO8eEsyxMD1U44NR22CLTYw=
+k8s.io/apimachinery v0.31.2/go.mod h1:rsPdaZJfTfLsNJSQzNHQvYoTmxhoOEofxtOsF3rtsMo=
+k8s.io/client-go v0.31.2 h1:Y2F4dxU5d3AQj+ybwSMqQnpZH9F30//1ObxOKlTI9yc=
+k8s.io/client-go v0.31.2/go.mod h1:NPa74jSVR/+eez2dFsEIHNa+3o09vtNaWwWwb1qSxSs=
+k8s.io/cloud-provider v0.31.2 h1:ZdstxJOcHzP45j8giE79VJmgNckBbw1ldtIqnhZvKIA=
+k8s.io/cloud-provider v0.31.2/go.mod h1:+4L8YpYCEx1Ko5EKS/PzXyBY5YREwDKChsJjAxHRf08=
+k8s.io/component-base v0.31.2 h1:Z1J1LIaC0AV+nzcPRFqfK09af6bZ4D1nAOpWsy9owlA=
+k8s.io/component-base v0.31.2/go.mod h1:9PeyyFN/drHjtJZMCTkSpQJS3U9OXORnHQqMLDz0sUQ=
+k8s.io/csi-translation-lib v0.31.2 h1:nCOE28rTUVOjwUKs4wl8wIZBHEnbQU5MkI0P6YM/Ylg=
+k8s.io/csi-translation-lib v0.31.2/go.mod h1:X0paKG/WAqDyrfpiTyj8ga4srG0guOm2Sj2pNi4kP10=
 k8s.io/klog/v2 v2.130.1 h1:n9Xl7H1Xvksem4KFG4PYbdQCQxqc/tTUyrgXaOhHSzk=
 k8s.io/klog/v2 v2.130.1/go.mod h1:3Jpz1GvMt720eyJH1ckRHK1EDfpxISzJ7I9OYgaDtPE=
 k8s.io/kube-openapi v0.0.0-20240228011516-70dd3763d340 h1:BZqlfIlq5YbRMFko6/PM7FjZpUb45WallggurYhKGag=
 k8s.io/kube-openapi v0.0.0-20240228011516-70dd3763d340/go.mod h1:yD4MZYeKMBwQKVht279WycxKyM84kkAx2DPrTXaeb98=
 k8s.io/utils v0.0.0-20240711033017-18e509b52bc8 h1:pUdcCO1Lk/tbT5ztQWOBi5HBgbBP1J8+AsQnQCKsi8A=
 k8s.io/utils v0.0.0-20240711033017-18e509b52bc8/go.mod h1:OLgZIPagt7ERELqWJFomSt595RzquPNLL48iOWgYOg0=
-sigs.k8s.io/controller-runtime v0.19.0 h1:nWVM7aq+Il2ABxwiCizrVDSlmDcshi9llbaFbC0ji/Q=
-sigs.k8s.io/controller-runtime v0.19.0/go.mod h1:iRmWllt8IlaLjvTTDLhRBXIEtkCK6hwVBJJsYS9Ajf4=
+sigs.k8s.io/controller-runtime v0.19.1 h1:Son+Q40+Be3QWb+niBXAg2vFiYWolDjjRfO8hn/cxOk=
+sigs.k8s.io/controller-runtime v0.19.1/go.mod h1:iRmWllt8IlaLjvTTDLhRBXIEtkCK6hwVBJJsYS9Ajf4=
 sigs.k8s.io/json v0.0.0-20221116044647-bc3834ca7abd h1:EDPBXCAspyGV4jQlpZSudPeMmr1bNJefnuqLsRAsHZo=
 sigs.k8s.io/json v0.0.0-20221116044647-bc3834ca7abd/go.mod h1:B8JuhiUyNFVKdsE8h686QcCxMaH6HrOAZj4vswFpcB0=
-sigs.k8s.io/karpenter v1.0.1-0.20241023214052-1c22eda55698 h1:vaMX/kSp4qMqhVhCU1SesQPImpMQcWOrnH+zeevc1zA=
-sigs.k8s.io/karpenter v1.0.1-0.20241023214052-1c22eda55698/go.mod h1:m0qGo1CXnahyR/rWHtSl+NGOLNxybTRxPVjrjJOsZ0A=
+sigs.k8s.io/karpenter v1.0.1-0.20241031204729-e438062172ab h1:GOh6g42sm7qn9mNmZWQZkYsvJ0UIr4zixaXwbpystK8=
+sigs.k8s.io/karpenter v1.0.1-0.20241031204729-e438062172ab/go.mod h1:thUrhJLlMP4eNP+9fvhY9fhxUtGIDpTZTQHbnxDtkWc=
 sigs.k8s.io/structured-merge-diff/v4 v4.4.1 h1:150L+0vs/8DA78h1u02ooW1/fFq/Lwr+sGiqlzvrtq4=
 sigs.k8s.io/structured-merge-diff/v4 v4.4.1/go.mod h1:N8hJocpFajUSSeSJ9bOZ77VzejKZaXsTtZo4/u7Io08=
 sigs.k8s.io/yaml v1.4.0 h1:Mk1wCc2gy/F0THH0TAp1QYyJNzRm2KCLy3o5ASXVI5E=