Google announced a price cut for its fast AI model, Gemini 1.5 Flash, reducing input token costs to $0.075 per million tokens and output token costs to $0.30 per million tokens, representing a decrease of up to 78%. This move is highly beneficial for developers, particularly for scenarios such as summarization, classification, and multimodal understanding. The new API and AI studio from Google have enhanced PDF analysis capabilities, supporting the understanding of PDFs that include graphical and image content, and expanded language support to cover over 100 languages.