No, this isn't a new Horizon game, but an obvious knockoff of Guerrilla Games' series from Tencent titled Light of Motiram.
The beefier GPU is the main upgrade with Sony saying it has 67% more compute units than the PS5, have memory that's 28% faster, and thus be able to render games and action 45% faster overall.
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No, Sony hasn’t announced a new Horizon game, but Light Of Motiram bears more than a few obvious similarities.