Google launched Veo 3.1 Lite on April 1, 2025, a budget-focused AI video generation model offering the same speed as Veo 3.1 Fast at more than 50% lower cost. The model is built for developers producing high-volume AI-generated video content through the Gemini API and Google AI Studio.

Veo 3.1 Lite generates text-to-video and image-to-video clips in 720p or 1080p resolution, supporting both 16:9 horizontal and 9:16 vertical formats. Users can select clip durations of 4, 6, or 8 seconds, with pricing scaled to length. The model matches the generation speed of Veo 3.1 Fast while cutting costs by more than half per video.

For U.S. startups, agencies, and independent creators operating on limited budgets, the cost reduction unlocks practical AI video production at scale. The lower price point enables prototyping and experimentation across use cases including automated ad creatives, explainer videos, and social media content. The accessibility shifts AI video from experimental testing to production-ready workflows.

Google's product page confirms Veo 3.1 Lite is optimized for high-volume workloads and available immediately with no waitlist or beta restrictions. Developers can integrate the model today through existing API access.

Cost reduction exceeds 50% compared to Veo 3.1 Fast per generated video. Resolution options include 720p and 1080p across horizontal and vertical aspect ratios. Clip durations of 4, 6, or 8 seconds are available with length-based pricing.

On April 7, Google will reduce pricing for Veo 3.1 Fast, expanding affordable access across the model tier stack. Teams requiring Fast-tier throughput will gain cost benefits alongside Lite users. The combined pricing adjustments position AI video generation as a routine development tool comparable to standard image APIs.