Up to 60 FPS (frames per second) for smoother gameplay

Ray tracing (realistic lighting and reflections)

Improved textures, draw distance, and shadow quality

Audio improvements for 3D sound (if you have compatible headphones)

Better NPC behavior and AI

More stable servers for GTA Online 

You can transfer your story mode and GTA Online characters from PS4 to PS5 once.

Cloud saves or Rockstar Social Club needed.