Tech giant Google (GOOGL) has rolled out its newest AI video creation tool, Veo 3, to Gemini Pro users in 159 countries. Josh Woodward, the VP of Google Labs and Gemini, announced on X that Veo 3 is now available globally, including in India, Indonesia, and across Europe. Pro users get three video generations per day, and the credit refreshes every 24 hours. As a result, this update makes advanced AI video tools more accessible to users around the world.
Don’t Miss TipRanks’ Half-Year Sale
Interestingly, Veo 3 lets users create short, 8-second videos with audio simply by typing in a description. Google is still working on a feature that turns photos into videos, but that should be ready soon, according to Woodward. Businesses are already using Veo 3 to make content like social media ads, product demonstrations, training videos, and presentations with much less effort than traditional video editing would require.
Unsurprisingly, experts in the industry are calling Veo 3 a major advancement. Will Hanschell, CEO of the marketing tech firm Pencil, said that it is the biggest step forward in AI for advertising since generative AI became popular in 2023. With just one prompt, brands can now create full videos that include visuals, voiceovers, sound effects, and storytelling, thereby making Veo 3 a powerful tool for marketing at any stage. It is worth noting that Google’s AI Pro plan costs $19.99 per month, and new users can try it free for the first month.
Is Google Stock a Good Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on GOOGL stock based on 29 Buys and nine Holds assigned in the past three months. Furthermore, the average GOOGL price target of $199.77 per share implies 11.5% upside potential from current levels.
See more GOOGL analyst ratings
Disclaimer & DisclosureReport an Issue