diff --git a/python/src/otel/otel_sdk/nodeps-requirements.txt b/python/src/otel/otel_sdk/nodeps-requirements.txt
index ed38ece98b..25c761f2a6 100644
--- a/python/src/otel/otel_sdk/nodeps-requirements.txt
+++ b/python/src/otel/otel_sdk/nodeps-requirements.txt
@@ -1,4 +1,4 @@
 # TODO: move these dependencies to requirements.txt when they stopped relying on a pinned version of
 # opentelemetry-propagator-aws-xray
-opentelemetry-instrumentation-aws-lambda==0.50b0
-opentelemetry-instrumentation-botocore==0.50b0
+opentelemetry-instrumentation-aws-lambda==0.51b0
+opentelemetry-instrumentation-botocore==0.51b0
diff --git a/python/src/otel/otel_sdk/requirements.txt b/python/src/otel/otel_sdk/requirements.txt
index cbacf8e895..faa9a7781a 100644
--- a/python/src/otel/otel_sdk/requirements.txt
+++ b/python/src/otel/otel_sdk/requirements.txt
@@ -1,36 +1,36 @@
-opentelemetry-sdk==1.29.0
-opentelemetry-exporter-otlp-proto-http==1.29.0
-opentelemetry-distro==0.50b0
-opentelemetry-instrumentation==0.50b0
-opentelemetry-semantic-conventions==0.50b0
+opentelemetry-sdk==1.30.0
+opentelemetry-exporter-otlp-proto-http==1.30.0
+opentelemetry-distro==0.51b0
+opentelemetry-instrumentation==0.51b0
+opentelemetry-semantic-conventions==0.51b0
 opentelemetry-propagator-aws-xray==1.0.2
 
 # Instrumentation dependencies
-opentelemetry-instrumentation-aiohttp-client==0.50b0
-opentelemetry-util-http==0.50b0
-opentelemetry-instrumentation-asgi==0.50b0
-opentelemetry-instrumentation-asyncpg==0.50b0
-opentelemetry-instrumentation-boto==0.50b0
-opentelemetry-instrumentation-boto3sqs==0.50b0
-opentelemetry-instrumentation-celery==0.50b0
-opentelemetry-instrumentation-dbapi==0.50b0
-opentelemetry-instrumentation-django==0.50b0
-opentelemetry-instrumentation-elasticsearch==0.50b0
-opentelemetry-instrumentation-fastapi==0.50b0
-opentelemetry-instrumentation-falcon==0.50b0
-opentelemetry-instrumentation-flask==0.50b0
-opentelemetry-instrumentation-grpc==0.50b0
-opentelemetry-instrumentation-jinja2==0.50b0
-opentelemetry-instrumentation-mysql==0.50b0
-opentelemetry-instrumentation-psycopg2==0.50b0
-opentelemetry-instrumentation-pymemcache==0.50b0
-opentelemetry-instrumentation-pymongo==0.50b0
-opentelemetry-instrumentation-pymysql==0.50b0
-opentelemetry-instrumentation-pyramid==0.50b0
-opentelemetry-instrumentation-redis==0.50b0
-opentelemetry-instrumentation-requests==0.50b0
-opentelemetry-instrumentation-sqlalchemy==0.50b0
-opentelemetry-instrumentation-sqlite3==0.50b0
-opentelemetry-instrumentation-starlette==0.50b0
-opentelemetry-instrumentation-tornado==0.50b0
-opentelemetry-instrumentation-wsgi==0.50b0
+opentelemetry-instrumentation-aiohttp-client==0.51b0
+opentelemetry-util-http==0.51b0
+opentelemetry-instrumentation-asgi==0.51b0
+opentelemetry-instrumentation-asyncpg==0.51b0
+opentelemetry-instrumentation-boto==0.51b0
+opentelemetry-instrumentation-boto3sqs==0.51b0
+opentelemetry-instrumentation-celery==0.51b0
+opentelemetry-instrumentation-dbapi==0.51b0
+opentelemetry-instrumentation-django==0.51b0
+opentelemetry-instrumentation-elasticsearch==0.51b0
+opentelemetry-instrumentation-fastapi==0.51b0
+opentelemetry-instrumentation-falcon==0.51b0
+opentelemetry-instrumentation-flask==0.51b0
+opentelemetry-instrumentation-grpc==0.51b0
+opentelemetry-instrumentation-jinja2==0.51b0
+opentelemetry-instrumentation-mysql==0.51b0
+opentelemetry-instrumentation-psycopg2==0.51b0
+opentelemetry-instrumentation-pymemcache==0.51b0
+opentelemetry-instrumentation-pymongo==0.51b0
+opentelemetry-instrumentation-pymysql==0.51b0
+opentelemetry-instrumentation-pyramid==0.51b0
+opentelemetry-instrumentation-redis==0.51b0
+opentelemetry-instrumentation-requests==0.51b0
+opentelemetry-instrumentation-sqlalchemy==0.51b0
+opentelemetry-instrumentation-sqlite3==0.51b0
+opentelemetry-instrumentation-starlette==0.51b0
+opentelemetry-instrumentation-tornado==0.51b0
+opentelemetry-instrumentation-wsgi==0.51b0
diff --git a/python/src/otel/tests/nodeps-requirements.txt b/python/src/otel/tests/nodeps-requirements.txt
index d806ff6499..64bdb553f4 100644
--- a/python/src/otel/tests/nodeps-requirements.txt
+++ b/python/src/otel/tests/nodeps-requirements.txt
@@ -1 +1 @@
-opentelemetry-instrumentation-aws-lambda==0.50b0
+opentelemetry-instrumentation-aws-lambda==0.51b0
diff --git a/python/src/otel/tests/requirements.txt b/python/src/otel/tests/requirements.txt
index 988be84100..1679c9f916 100644
--- a/python/src/otel/tests/requirements.txt
+++ b/python/src/otel/tests/requirements.txt
@@ -1,5 +1,5 @@
 # Dependencies used in tests only
-opentelemetry-test-utils==0.50b0
-opentelemetry-instrumentation == 0.50b0
-opentelemetry-semantic-conventions == 0.50b0
+opentelemetry-test-utils==0.51b0
+opentelemetry-instrumentation == 0.51b0
+opentelemetry-semantic-conventions == 0.51b0
 opentelemetry-propagator-aws-xray == 1.0.2
diff --git a/python/src/otel/tests/test_otel.py b/python/src/otel/tests/test_otel.py
index 9b8b553de7..a0c411b144 100644
--- a/python/src/otel/tests/test_otel.py
+++ b/python/src/otel/tests/test_otel.py
@@ -45,6 +45,7 @@
 )
 
 AWS_LAMBDA_EXEC_WRAPPER = "AWS_LAMBDA_EXEC_WRAPPER"
+AWS_LAMBDA_FUNCTION_NAME = "AWS_LAMBDA_FUNCTION_NAME"
 INIT_OTEL_SCRIPTS_DIR = os.path.join(
     *(os.path.dirname(__file__), "..", "otel_sdk")
 )
@@ -182,6 +183,7 @@ def setUp(self):
             "os.environ",
             {
                 AWS_LAMBDA_EXEC_WRAPPER: "mock_aws_lambda_exec_wrapper",
+                AWS_LAMBDA_FUNCTION_NAME: "test-func",
                 _HANDLER: "mocks.lambda_function.handler",
             },
         )