diff --git a/chart/k8gb/values.yaml b/chart/k8gb/values.yaml
index 4720007ff7..a5adeb43c6 100644
--- a/chart/k8gb/values.yaml
+++ b/chart/k8gb/values.yaml
@@ -234,7 +234,7 @@ tracing:
     # -- OpenTelemetry collector into which the k8gb operator sends the spans. It can be further configured to send its data
     # to somewhere else using exporters (Jaeger for instance)
     repository: otel/opentelemetry-collector
-    tag: 0.112.0
+    tag: 0.116.1
     pullPolicy: Always
 
   jaegerImage: