On October 26, 2023, Sony released a system software update for the PlayStation 5. This update features several improvements including enhancements to music usability in the control centre and modifications to PlayStation VR2 settings and voice commands. The update, comparatively light, has been appreciated for its detailed notes rather than the typical, vague references to 'stability' improvements.

In other news, Sony is preparing to release smaller PS5 models in November. The PlayStation 5 Slim requires an internet connection to pair it with the console's optional disc drive, raising concerns about video game preservation. The PS5 Slim and the PS5 Digital Edition will have a storage capacity of 1TB, a notable increase from the 825GB available with the original versions. Furthermore, the new model will provide users with the option to add an Ultra HD Blu-ray Disc Drive, which they can buy separately for the PS5 Digital Edition. After the existing PS5 models have sold out, the new models will be the only ones available.