diff --git a/.github/actions/install-deps/action.yml b/.github/actions/install-deps/action.yaml
similarity index 79%
rename from .github/actions/install-deps/action.yml
rename to .github/actions/install-deps/action.yaml
index 47068256c..b1182941d 100644
--- a/.github/actions/install-deps/action.yml
+++ b/.github/actions/install-deps/action.yaml
@@ -3,11 +3,12 @@ description: 'Installs Go Downloads and installs Karpenter Dependencies'
 inputs:
   k8sVersion:
     description: Kubernetes version to use when installing the toolchain
-    default: "1.27.x"
+    default: "1.31.x"
 runs:
   using: "composite"
   steps:
-    - uses: actions/setup-go@0c52d547c9bc32b1aa3301fd7a9cb496313a4491 # v5.0.0
+    - uses: actions/setup-go@41dfa10bad2bb2ae585af6ee5bb4d7d973ad74ed # v5.1.0
+      id: setup-go
       with:
         go-version-file: go.mod
         check-latest: true
@@ -15,7 +16,7 @@ runs:
     # Root path permission workaround for caching https://github.com/actions/cache/issues/845#issuecomment-1252594999
     - run: sudo chown "$USER" /usr/local
       shell: bash
-    - uses: actions/cache@13aacd865c20de90d75de3b17ebe84f7a17d57d2 # v4.0.0
+    - uses: actions/cache@6849a6489940f00c2f30c0fb92c6274307ccb58a # v4.1.2
       id: cache-toolchain
       with:
         path: |
@@ -26,4 +27,4 @@ runs:
       shell: bash
       env:
         K8S_VERSION: ${{ inputs.k8sVersion }}
-      run: make toolchain
\ No newline at end of file
+      run: make toolchain
diff --git a/.github/dependabot.yaml b/.github/dependabot.yaml
index a458ffa76..2ae5745c1 100644
--- a/.github/dependabot.yaml
+++ b/.github/dependabot.yaml
@@ -123,3 +123,11 @@ updates:
       action-deps:
         patterns:
           - '*'
+  - package-ecosystem: github-actions
+    directory: .github/actions/install-deps
+    schedule:
+      interval: weekly
+    groups:
+      action-deps:
+        patterns:
+          - '*'