ChainThink News, April 1st: According to 1M AI News monitoring, Google has released the Veo 3.1 Lite video generation model, the most cost-effective product in the Veo 3.1 series, with generation speed matching that of Veo 3.1 Fast.

Pricing is set at $0.05 per second for 720p and $0.08 per second for 1080p—less than half the current price of Veo 3.1 Fast. For example, generating an 8-second 720p video costs just $0.40.

Veo 3.1 Lite supports text-to-video and image-to-video generation, offering aspect ratios of 16:9 (landscape) and 9:16 (portrait), with resolutions covering 720p and 1080p (no 4K support). Video durations are selectable at 4 seconds, 6 seconds, or 8 seconds, with costs calculated based on duration, and audio generation included by default.

Google also announced a pricing reduction for Veo 3.1 Fast starting April 7th: 720p will drop from $0.15 per second to $0.10 per second, 1080p from $0.15 per second to $0.12 per second, and 4K from $0.35 per second to $0.30 per second. Veo 3.1 Lite is now available for purchase via the Gemini API and Google AI Studio paid tier.