GOOGLE COMMITS TO VIDEO GENERATION, ANNOUNCES VEO 3.1 LITE

Summary from the TLDR Design newsletter

Following OpenAI's retreat from video generation, Google reaffirmed its commitment to the space by launching Veo 3.1 Lite, its most cost-effective video model. Positioned below Veo 3.1 Fast in the lineup, it targets high-volume applications with Text-to-Video and Image-to-Video support, 720p/1080p resolutions, and customizable durations. The model is now available via the Gemini API and Google AI Studio, and Veo 3.1 Fast also received a price cut on April 7.