Plenty of Playstation 5 rumors have been swirling around, but they're all just rumors. However, Sony's CEO Kenichiro Yoshida recently told the Financial Times that "At this point, what I can say is it’s necessary to have a next-generation hardware." While the next gen console wasn't named, the Times's sources also mentioned that the new device "might not represent a major departure from the PS4, and that the fundamental architecture would be similar." Previous rumors suggest that AMD designed Navi with the PS5 in mind, which makes that claim particularly interesting. Microsoft’s Phil Spencer did reveal that Xbox was currently “architecting” its next generation consoles at E3 2018, however the reveal was similarly cryptic. Once again, the two rivals seem to be treading a similar path, as Microsoft’s Project xCloud gaming service hopes to reinvent how video game streaming works to a variety of devices.