Google has released Veo 3.1 Lite, a budget-friendly video generation model that allows developers to create high-volume applications at over 50% less cost than Veo 3.1 Fast, while maintaining the same speed. The model supports Text-to-Video and Image-to-Video features, and is accessible through the Gemini API and Google AI Studio.

• Veo 3.1 Lite costs over 50% less than Veo 3.1 Fast while matching its speed
• Supports Text-to-Video and Image-to-Video in 16:9 or 9:16 up to 1080p, with 4, 6, or 8 second durations priced by length
• Google is also cutting prices on Veo 3.1 Fast alongside this launch
• Available now via Gemini API and Google AI Studio for paid tier users