You can update the display name, description, and Cloud KMS key applied to a _Trace observability bucket.

The Google Cloud CLI version 586.0.0 includes the following changes:

Added create and update methods to the gcloud observability buckets command group.

You can use Terraform to configure resources managed by the Observability API.

For example, you can use Terraform to create and update observability buckets, create links on datasets, and configure default settings.