Well, there it is... Straight from the horse's mouth.
That is Mithun Chandrasekhar, AMD lead product manager, speaking in the video.
Some people doubted below article's credibility (myself included). Now it should be pretty clear.
AMD Ray Tracing Will Arrive "When The Time is Right" - Next-Gen Raytracing Addressed
AMD has said in a recent briefing that raytracing will arrive on their cards "when the time is right". Here's what that means.www.techquila.co.in
EDIT: cc SlipperyFishes, Kreten
RDNA2 == Hardware Raytracing
PS5 == Hardware Raytracing
PS5 == RDNA2