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This weekend, Google is giving users three free video generations with its AI video tool Veo 3 in the Gemini app. Veo can create short AI videos with sound and is currently the most realistic video model on the market. The promotion runs until Sunday, August 24, at 10:00 p.m. PT.

A humorous 8-second short video portraying a community theater-style play about AI video generation overheating Google's AI chips. | Video: Veo 3 prompted by THE DECODER

Normally, Veo is only available to paid Gemini users, starting at around $20 per month, or through the API for about 50 cents per second. Google could be using this promotion to test the system's stability ahead of a wider release. Since Veo launched, users have generated millions of videos, according to Google, though this activity isn't mentioned in the company's latest AI energy report.

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Nvidia has stopped producing H20 and 700,000 AI chips intended for China are now sitting idle.

After a temporary green light from the US government, Nvidia had promised Chinese customers about 700,000 H20 AI chips. These chips are stripped-down versions designed to meet US export rules, making them legal for the Chinese market. Now, a new directive from Beijing is forcing local companies to stop buying Nvidia chips over security concerns. As a result, thousands of finished chip dies are sitting unused at Amkor, a US-based packaging partner. The supply chain has ground to a halt, even though Washington and Nvidia had already reached a political agreement. The situation highlights how AI hardware is increasingly caught in the middle of geopolitical tensions. Earlier reports suggested the US is adding tracking chips to AI hardware bound for China.

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ElevenLabs has released Eleven v3 (alpha), an updated text-to-speech model now available through the API. The new version adds more expressive options, additional controls, and support for over 70 languages. Key changes include a dialog mode that can handle any number of speakers and new audio tags for controlling emotion and voice.

Video: Elevenlabs

The Eleven v3 (alpha) API works with a free account, though some features may require payment. Technical details and examples are in the official documentation. New users can register for free.

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OpenAI hit $1 billion in monthly revenue for the first time in July, CFO Sarah Friar told CNBC. The company expects to triple its annual revenue to $12.7 billion in 2025, according to earlier statements. By June, OpenAI had already reached an annualized revenue run rate of $10 billion. Most of this growth comes from paid ChatGPT subscriptions, especially since the launch of the new GPT-5 model. Despite some early criticism of the new model, Friar says OpenAI is seeing rising numbers of Plus and Pro subscribers. The surge in demand is putting pressure on technical resources - the company’s need for computing power now exceeds what’s available. Last week, CEO Sam Altman said OpenAI plans to invest in new data centers, with spending expected to run into the trillions.

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