Gemini 2.0: Google launches new class of cheap AI models as cost concerns intensify

Alphabet’s Google on Wednesday announced updates to its Gemini family of large language models, including a new product line Gemini 2.0 with competitive pricing to low-cost artificial intelligence (AI) models like that of Chinese rival DeepSeek.

The tech giant offers several versions of Gemini that vary in price and performance. It already offered a lightweight variant known as “Flash” but its new “Flash-Lite” model is even cheaper.

What are the new models?

On Wednesday, Google released Gemini 2.0 Flash to the general public after previewing it to…