PS5 Emulator Kyty is Now Available for Download
You can now download the first PS5 emulator - Kyty - for PC. Alongside PS5, it can also emulate PS4 and some commercial PS4 games (excluding commercial PS5 games).
According to developer InoriRus, Kyty doesn't support audio input/output, MP4 video, network, and multi-users. If you're interested, you can download the emulator here but it's worth noting that the emulator is still unable to run the latest PS4 games.