Sony has released PlayStation 5 system software update 20.02-02.50.00, which resolves a longstanding issue of the console installing PS4 versions of disc-based games despite players upgrading to the PS5 version. In addition to this, the update has brought with it the usual stability fixes and the ability to select and edit video clips using Share Factory Studio from the media gallery.
Official patch notes are as follows:

if ( ! ezoic_test() ) {

PB = PB || {};
PB.gptStandAlone = PB.gptStandAlone || {};
PB.gptAutoRefresh = PB.gptAutoRefresh || {'gptAds':[], 'gptStandAlone':[]};
admiralCookie = null;
if (typeof readAdmiralCookie === "function"){
admiralCookie = readAdmiralCookie(); }

googletag.cmd.push(function() {
var standAloneSizeMapping = googletag.sizeMapping().addSize([0, 0], []).addSize([750, 0], [[300, 250]]).addSize([980, 0], [[300, 250]]).build(); PB.gptStandAlone['ros_300x250_p_slot4_1612451039'] = googletag.defineSlot('/4403/cr/playstationlifestyle/ros', [[300, 250]], 'ros_300x250_p_slot4_1612451039')
.defineSizeMapping(standAloneSizeMapping) .addService(googletag.pubads())
.setTargeting('pos', 'P').setTargeting('content_detail', '0').setTargeting('kw', 'in-article').setTargeting('coppa', '0').setTargeting('site', 'playstationlifestyle');
googletag.enableServices();
googletag.display('ros_300x250_p_slot4_1612...