Team Reckz0r have released a Jailbreak for Sony PS4 with information supplied by x-s4nd3r.
This tutorial shows you how you would go about jailbreaking you're Playstation 4.
All credits to Team Reckz0r & x-s4nd3r.
 
***IMPORTANT***** - You need the DAY ONE Update to jailbreak the PS4, otherwise these files will be considered unrecognizable.
 
GUIDE:
 
1. Create a folder on your USB storage device. This is where you'll put the exploit.
 
2. Create a "SANDERPS4" folder. Inside that folder, create another folder named "EXP."
 
3. Extract the PSORBISEXP.PUP file from the package, and save it in the EXP folder.
 
4. Make sure your PlayStation 4 is turned off.
 
5. Connect the USB storage device to your PlayStation 4, and press the power button for at least 7 seconds. The PlayStation 4 will start in Safe Mode.
 
6. Select "Update System Software."
 
7. Follow the on-screen instructions to install the update.
 
8. If your PlayStation 4 doesn't recognize the jailbreaking file, make sure that the folder and file names are correct.
 
9. Voila! JAILBROKEN!
 
 
Remember: Do not go online or your console will be banned