diff --git a/.gitignore b/.gitignore
index dd483a7ef..21756ab28 100644
--- a/.gitignore
+++ b/.gitignore
@@ -3,6 +3,9 @@
 build/
 local.properties
 
+# Kotlin 2.0
+.kotlin/
+
 # Build artifacts
 *.apk
 *.aab
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 55149f126..be22f75e0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release Notes
 
+## Unreleased
+
+* Update to K2 (aka Kotlin `2.0.0`)
+* Update Compose BOM to 2024.05.00
+* Update AndroidX to 1.13.1
+* Update Activity to 1.9.0 
+* Update Fragment to 1.7.1
+* Update Datastore to 1.1.1
+* Update Sentry to 7.9.0
+
 ## 10.1.2
 
 * Better error message when the device is low on storage
diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
index 90f432d65..d78943129 100644
--- a/CONTRIBUTING.md
+++ b/CONTRIBUTING.md
@@ -106,8 +106,7 @@ uploadKeystorePassword=<The password for the upload keystore>
   length. However, if it is not possible (i.e. a long resource name), you can disable the check for
   the line by adding `// ktlint-disable max-line-length` to the end of the line
 - You can obtain Compose Compiler metrics (i.e. to debug performance or recomposition issues) by
-  running `./gradlew clean assemble -PenableComposeCompilerReports=true`. The reports will be
-  saved to `lib/build/compose-metrics` and `sample/build/compose-metrics`
+  viewing the reports saved to `lib/build/compose_compiler` and `sample/build/compose_compiler`
 - It is recommended to set up a pre-commit hook (ktLint - formatting, lint - Composable lints). To
   do so, add the following to `.git/hooks/pre-commit`:
   ```
diff --git a/build.gradle.kts b/build.gradle.kts
index 3179327d0..768210810 100644
--- a/build.gradle.kts
+++ b/build.gradle.kts
@@ -5,6 +5,7 @@ plugins {
     // Applied depending on sub-module
     alias(libs.plugins.android.application) apply false
     alias(libs.plugins.android.library) apply false
+    alias(libs.plugins.compose.compiler) apply false
     alias(libs.plugins.kotlin.jvm) apply false
     alias(libs.plugins.kotlin.android) apply false
     alias(libs.plugins.ksp) apply false
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index a474868c6..0a15cf8c9 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -1,43 +1,42 @@
 [versions]
 accompanist-permissions = "0.34.0"
 android-gradle-plugin = "8.2.2"
-androidx-activity = "1.8.2"
-androidx-compose-bom = "2024.04.00"
-androidx-compose-compiler = "1.5.11"
-androidx-core = "1.12.0"
+androidx-activity = "1.9.0"
+androidx-compose-bom = "2024.05.00"
+androidx-core = "1.13.1"
 androidx-core-splashscreen = "1.0.1"
-androidx-fragment = "1.6.2"
+androidx-fragment = "1.7.1"
 androidx-lifecycle = "2.7.0"
 androidx-navigation = "2.7.7"
 androidx-test-core = "1.5.0"
 androidx-test-espresso = "3.5.1"
-androidx-test-fragment = "1.6.2"
+androidx-test-fragment = "1.7.1"
 androidx-test-junit = "1.1.5"
 androidx-test-rules = "1.5.0"
 camposer = "0.4.0"
 chucker = "4.0.0"
 coil = "2.6.0"
 compose-lint-checks = "1.3.1"
-coroutines = "1.8.0"
-datastore = "1.0.0"
+coroutines = "1.8.1"
+datastore = "1.1.1"
 junit = "4.13.2"
-kotlin = "1.9.23"
+kotlin = "2.0.0"
 kotlin-immutable-collections = "0.3.7"
-ksp = "1.9.23-1.0.19"
-ktlint-plugin = "12.1.0"
-leakcanary = "2.13"
+ksp = "2.0.0-1.0.21"
+ktlint-plugin = "12.1.1"
+leakcanary = "2.14"
 lottie = "6.4.0"
 maven-publish = "0.28.0"
 mlkit-code-scanner = "16.1.0"
 mlkit-obj-detection = "17.0.1"
-mockk = "1.13.10"
+mockk = "1.13.11"
 moshi = "1.15.1"
-moshix = "0.25.1"
+moshix = "0.27.0"
 moshi-lazy-adapters = "2.2"
 okhttp = "4.12.0"
 play-services-mlkit-face-detection = "17.1.0"
 retrofit = "2.11.0"
-sentry = "7.7.0"
+sentry = "7.9.0"
 tflite = "2.14.0"
 tflite-metadata = "0.4.4"
 tflite-support = "0.4.4"
@@ -48,6 +47,7 @@ uiautomator = "2.3.0"
 [plugins]
 android-application = { id = "com.android.application", version.ref = "android-gradle-plugin" }
 android-library = { id = "com.android.library", version.ref = "android-gradle-plugin" }
+compose-compiler = { id = "org.jetbrains.kotlin.plugin.compose", version.ref = "kotlin" }
 kotlin-android = { id = "org.jetbrains.kotlin.android", version.ref = "kotlin" }
 kotlin-jvm = { id = "org.jetbrains.kotlin.jvm", version.ref = "kotlin" }
 ksp = { id = "com.google.devtools.ksp", version.ref = "ksp" }
diff --git a/lib/lib.gradle.kts b/lib/lib.gradle.kts
index 2852800be..bd6a2f5c6 100644
--- a/lib/lib.gradle.kts
+++ b/lib/lib.gradle.kts
@@ -2,6 +2,7 @@
 
 plugins {
     alias(libs.plugins.android.library)
+    alias(libs.plugins.compose.compiler)
     alias(libs.plugins.kotlin.android)
     alias(libs.plugins.ktlint)
     alias(libs.plugins.ksp)
@@ -61,15 +62,6 @@ android {
             // without having to add the opt-in annotation to every usage. The annotation's purpose
             // is primarily for consumers of the SDK to use, not for us.
             freeCompilerArgs += "-opt-in=com.smileidentity.SmileIDOptIn"
-            if (project.hasProperty("enableComposeCompilerReports")) {
-                val outputDir = layout.buildDirectory.dir("compose-reports").get().asFile.path
-                freeCompilerArgs += listOf(
-                    "-P",
-                    "plugin:androidx.compose.compiler.plugins.kotlin:reportsDestination=$outputDir",
-                    "-P",
-                    "plugin:androidx.compose.compiler.plugins.kotlin:metricsDestination=$outputDir",
-                )
-            }
         }
     }
 
@@ -79,16 +71,18 @@ android {
         mlModelBinding = true
     }
 
-    composeOptions {
-        kotlinCompilerExtensionVersion = libs.versions.androidx.compose.compiler.get()
-    }
-
     lint {
         enable += "ComposeM2Api"
         error += "ComposeM2Api"
     }
 }
 
+composeCompiler {
+    enableStrongSkippingMode = true
+    reportsDestination = layout.buildDirectory.dir("compose_compiler")
+    metricsDestination = layout.buildDirectory.dir("compose_compiler")
+}
+
 mavenPublishing {
     publishToMavenCentral(automaticRelease = true)
     signAllPublications()
diff --git a/sample/sample.gradle.kts b/sample/sample.gradle.kts
index 5b92b8bae..bd3849702 100644
--- a/sample/sample.gradle.kts
+++ b/sample/sample.gradle.kts
@@ -1,5 +1,6 @@
 plugins {
     alias(libs.plugins.android.application)
+    alias(libs.plugins.compose.compiler)
     alias(libs.plugins.kotlin.android)
     alias(libs.plugins.ktlint)
     alias(libs.plugins.moshix)
@@ -64,15 +65,6 @@ android {
             // without having to add the opt-in annotation to every usage. The annotation's purpose
             // is primarily for consumers of the SDK to use, not for us.
             freeCompilerArgs += "-opt-in=com.smileidentity.SmileIDOptIn"
-            if (project.hasProperty("enableComposeCompilerReports")) {
-                val outputDir = layout.buildDirectory.dir("compose-reports").get().asFile.path
-                freeCompilerArgs += listOf(
-                    "-P",
-                    "plugin:androidx.compose.compiler.plugins.kotlin:reportsDestination=$outputDir",
-                    "-P",
-                    "plugin:androidx.compose.compiler.plugins.kotlin:metricsDestination=$outputDir",
-                )
-            }
         }
     }
 
@@ -81,10 +73,6 @@ android {
         buildConfig = true
     }
 
-    composeOptions {
-        kotlinCompilerExtensionVersion = libs.versions.androidx.compose.compiler.get()
-    }
-
     packaging {
         resources.excludes += "/META-INF/{AL2.0,LGPL2.1}"
     }
@@ -97,6 +85,12 @@ android {
     }
 }
 
+composeCompiler {
+    enableStrongSkippingMode = true
+    reportsDestination = layout.buildDirectory.dir("compose_compiler")
+    metricsDestination = layout.buildDirectory.dir("compose_compiler")
+}
+
 val checkSmileConfigFileTaskName = "checkSmileConfigFile"
 tasks.register(checkSmileConfigFileTaskName) {
     doLast {