Google's Veo 3.1 Lite cuts video generation costs by more than half

THE DECODER / 4/1/2026

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Key Points

  • Google’s Veo 3.1 Lite is positioned as a lower-cost AI video generation model that reduces costs by more than half compared with its previous baseline pricing.
  • The new model is reported to cost less than half the price of Google’s next cheapest model while maintaining similar speed.
  • By lowering per-video generation cost without sacrificing throughput, Veo 3.1 Lite is likely to make AI video production more accessible for broader use cases and teams.
  • The pricing/performance shift suggests increased competition and acceleration in the commoditization of generative video capabilities.

Google makes AI video generation cheaper: Veo 3.1 Lite costs less than half the price of its next cheapest model while matching its speed.

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