Sony released this morning, March 29, 2023, a version Firmware 7.01.01 to PS5It is now available for download to all users. At the moment we do not know what changes have been made by the update.
PS5 update size 7.01.01 equals 834.1 MB. For installation, as usual, it is necessary to close all open applications and restart the system. If your console is connected to the network, the download and installation should start automatically. Otherwise, you can download the update manually by selecting the menu Settings > System > System software > System software settings and update from the dashboard.
Sony has not yet shared any update notes on its official update page (to this address), but as with the previous PS5 update 7.01, more details may arrive today. Perhaps it is a simple routine patch that improves the overall stability of the system and possibly corrects some known or lesser known bugs. We just have to wait to find out.
To stay on topic, the PlayStation Store Spring Sale kicked off today with plenty of PS5 and PS4 games on offer, even recently released ones.