Google has announced a big update for its video generation models, Veo 3 and Veo 3 Fast. It now comes with new formats, sharper output, and most importantly, lower pricing. According to the company, both models are now stable and ready for production-scale use in the Gemini API.
This means generating videos with Veo is now quite cheaper. As the prices for the Veo 3 have been cut nearly in half, dropping from $0.75 per second to $0.40 per second. On the other hand, the Veo 3 Fast sees an even bigger cut, now priced at $0.15 per second, down from $0.40.
Furthermore, the update also adds support for vertical format outputs like a 9:16 aspect ratio. In today’s day and age, where we all are consuming content vertically, this is one of the most important features to have in any video creation platform.
On top of that, both Veo 3 and Veo 3 Fast now support 1080p HD resolution. By setting the ‘resolution’ parameter to ‘1080p’, you can now produce higher-quality videos suitable for professional use cases.
To showcase how the new capabilities can be used, Google highlighted its MediaSim demo app in AI Studio. The demo integrates the tldraw SDK with Gemini’s multimodal capabilities, combining video, audio, and image editing to create interactive media simulations.
Along with the Veo updates, the company has also announced an upgrade to its image editing model developed by DeepMind. The model now offers more consistent results when editing people and pets, fixing a common issue where characters appeared “almost right” but not identical across edits.
The update enables likeness preservation across multiple edits, allowing you to apply costumes, hairstyles, or scene changes without losing key details. It also introduces multi-turn editing, to make step-by-step modifications like repainting a room, adding furniture, and later swapping wallpaper, all without restarting from scratch.
So all these updates in video creation and image editing make one thing clear: Google wants to make multimodal media creation more powerful and easier to use. These changes could affect creative tools like Canva or Filmora, which are popular with casual creators. Some argue they might even compete with professional tools like Photoshop or Premiere Pro, but that’s unlikely since Adobe software still gives professionals far more control.
