https://wccftech.com/the-medium-ps5-update-1-02-ray-tracing/

Bloober Team has deployed The Medium PS5 update 1.02, which enables Ray Tracing on Sony’s next-gen console.

Last week’s video comparison of the title showed that Ray Tracing wasn’t available on PS5, despite it being used for ambient occlusion and reflections on both Xbox Series X and PC. In addition, based on this comparison, performance on Sony’s console appeared to be slightly worse than on Microsoft’s next-gen console.