Upgrade packages to mitigate vulnerabilities

Author: Tarun-Chevula

setup.py

@@ -64,13 +64,13 @@ def get_license():
     ],
     python_requires=">=3.9",
     install_requires=[
-        "flask~=3.0.0",
-        "flask-cors~=5.0.0",
+        "flask~=3.1.0",
+        "flask-cors~=6.0.0",
         'gunicorn>=23.0.0; platform_system!="Windows"',
         "inference-schema~=1.8.0",
         "opencensus-ext-azure~=1.1.0",
         'psutil<6.0.0; platform_system=="Windows"',
-        "pydantic~=2.9.0",
+        "pydantic~=2.11.0",
         "pydantic-settings",
         'waitress>=3.0.1; platform_system=="Windows"',
         "werkzeug>=3.0.3",  # Werkzeug 3.x breaks back-compatibility of urls package