Google announced Veo 3.1 Lite, a new AI video generation model that costs roughly half as much as its faster counterpart while keeping the same speed and audio support. The model offers text‑to‑video and image‑to‑video capabilities, 16:9 and 9:16 aspect ratios, and up to 1080p resolution, though it does not support 4K. Developers can choose video lengths of 4, 6, or 8 seconds, with pricing adjusted accordingly. Veo 3.1 Lite is available through the Gemini API and Google AI Studio, arriving as competitors like OpenAI scale back video‑AI offerings. Read more →