diff --git a/devops/dependencies.json b/devops/dependencies.json
index 8cc8503b96971..850f6d92d48b4 100644
--- a/devops/dependencies.json
+++ b/devops/dependencies.json
@@ -1,15 +1,15 @@
 {
   "linux": {
     "compute_runtime": {
-      "github_tag": "25.27.34303.5",
-      "version": "25.27.34303.5",
-      "url": "https://github.com/intel/compute-runtime/releases/tag/25.27.34303.5",
+      "github_tag": "25.31.34666.3",
+      "version": "25.31.34666.3",
+      "url": "https://github.com/intel/compute-runtime/releases/tag/25.31.34666.3",
       "root": "{DEPS_ROOT}/opencl/runtime/linux/oclgpu"
     },
     "igc": {
-      "github_tag": "v2.14.1",
-      "version": "v2.14.1",
-      "url": "https://github.com/intel/intel-graphics-compiler/releases/tag/v2.14.1",
+      "github_tag": "v2.16.0",
+      "version": "v2.16.0",
+      "url": "https://github.com/intel/intel-graphics-compiler/releases/tag/v2.16.0",
       "root": "{DEPS_ROOT}/opencl/runtime/linux/oclgpu"
     },
     "cm": {
diff --git a/sycl/test-e2e/Matrix/SG32/joint_matrix_bfloat16.cpp b/sycl/test-e2e/Matrix/SG32/joint_matrix_bfloat16.cpp
index 2e26253f55984..11d5734366445 100644
--- a/sycl/test-e2e/Matrix/SG32/joint_matrix_bfloat16.cpp
+++ b/sycl/test-e2e/Matrix/SG32/joint_matrix_bfloat16.cpp
@@ -10,6 +10,9 @@
 // UNSUPPORTED-INTENDED: SG size = 32 is not supported for SYCL Joint Matrix on
 // DG2
 
+// XFAIL: linux && run-mode && (arch-intel_gpu_pvc || arch-intel_gpu_bmg_g21)
+// XFAIL-TRACKER: CMPLRLLVM-69742
+
 // REQUIRES: target-spir
 // REQUIRES: aspect-ext_intel_matrix
 // REQUIRES-INTEL-DRIVER: lin: 27501, win: 101.4943