According to 1M AI News monitoring, Google has released Veo 3.1 Lite, positioned as the lowest-cost video generation model in the Veo 3.1 series. The model’s generation speed is the same as Veo 3.1 Fast, and the price is less than half of the latter: 720p is $0.05 per second, 1080p is $0.08 per second, and generating an 8-second 720p video costs $0.40. For comparison, Veo 3.1 Fast currently charges $0.15 per second for both 720p and 1080p.
Veo 3.1 Lite supports text-to-video and image-to-video, offering two aspect ratios—landscape (16:9) and portrait (9:16). Its resolution covers 720p and 1080p (no 4K support). Clip duration can be selected as 4 seconds, 6 seconds, or 8 seconds. Pricing is calculated by duration, and audio generation is included by default.
Google also announced that starting April 7, it will lower the pricing of Veo 3.1 Fast: 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 use via paid tiers through the Gemini API and Google AI Studio.
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