Google introduces a faster, cheaper image generator with Nano Banana 2 Lite

Key Points:

• Google has launched Nano Banana 2 Lite, a faster and more affordable version of its AI video and image generator, capable of producing images in four seconds at a cost of $0.034 per 1,000 images.
• The new model is optimized for high-volume, rapid workflows, positioning it as a practical tool for users needing to create and refine large quantities of images quickly.
• Nano Banana 2 Lite replaces the original Nano Banana, with Google continuing to offer more advanced versions like Nano Banana 2 and Nano Banana Pro for specialized use cases.
• Google also announced a wider release of Gemini Omni Flash, a video generation tool priced at $0.10 per second, alongside a new app called Omni Product Studio that converts static AI-generated images into cinematic e-commerce videos.
• These developments come amid ongoing industry investment in AI-generated imagery and video, despite criticism from creative communities, with Google recently securing a $75 million partnership with indie studio A24.