Faisal Al Bannai is currently chairman of the board of directors of EDGE Group, an advanced technology group based in the UAE that develops disruptive solutions for defence and beyond. EDGE, a state-owned conglomerate, was publicly made known by Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi.

Alongside his position at EDGE, Al Bannai is Secretary-General of the Advanced Technology Research Council (ATRC) in Abu Dhabi.

In his role as Secretary-General of the ATRC, Al Bannai is also a member of the Emirates Research and Development Council, chaired by Abdullah bin Zayed Al Nahyan. The Council aims to strengthen the governance of the UAE's research and development sector and to unify efforts and monitor performance in this field.

Al Bannai became Axiom Telecom's managing director in 2016.

In April 2024, Al Bannai was appointed as Advisor to the UAE President for Strategic Research and Advanced Technology Affairs, with the rank of Minister as per a federal decree issued by President His Highness Sheikh Mohamed bin Zayed Al Nahyan.

Faisal was included in Time's 2024 list of the "100 Most Influential People in AI".