diff --git a/deployments/gpu-operator/Dockerfile.ubi8 b/deployments/gpu-operator/Dockerfile.ubi8
index 8ffbeeec..dde9fe73 100644
--- a/deployments/gpu-operator/Dockerfile.ubi8
+++ b/deployments/gpu-operator/Dockerfile.ubi8
@@ -23,7 +23,7 @@ RUN yum install -y \
      && \
     rm -rf /var/cache/yum/*
 
-ARG GOLANG_VERSION=1.20.4
+ARG GOLANG_VERSION=1.20.5
 RUN set -eux; \
     \
     arch="$(uname -m)"; \
diff --git a/deployments/gpu-operator/Dockerfile.ubuntu b/deployments/gpu-operator/Dockerfile.ubuntu
index d44e9796..68d7a1f1 100644
--- a/deployments/gpu-operator/Dockerfile.ubuntu
+++ b/deployments/gpu-operator/Dockerfile.ubuntu
@@ -23,7 +23,7 @@ RUN apt-get update && \
     && \
     rm -rf /var/lib/apt/lists/*
 
-ARG GOLANG_VERSION=1.20.4
+ARG GOLANG_VERSION=1.20.5
 RUN set -eux; \
     \
     arch="$(uname -m)"; \
diff --git a/versions.mk b/versions.mk
index 81bb8ae9..dd6c3069 100644
--- a/versions.mk
+++ b/versions.mk
@@ -17,8 +17,8 @@ VERSION ?= v0.5.5
 
 vVERSION := v$(VERSION:v%=%)
 
-CUDA_VERSION := 12.2.2
-GOLANG_VERSION := 1.20.4
+CUDA_VERSION := 12.3.1
+GOLANG_VERSION := 1.20.5
 
 BUILDIMAGE_TAG ?= devel-go$(GOLANG_VERSION)
 BUILDIMAGE ?=  ghcr.io/nvidia/k8s-test-infra:$(BUILDIMAGE_TAG)