Amazon announced their Amazon Nova foundation models on December 3, 2024. The main features are low cost and low latency.

Amazon Nova

Micro

• very low cost
• text-only
• great for summarization, translation, and classification
• 128k token context

Lite

• Multimodal
  • Multiple images
  • Up to 30 minutes of video
• 300k token context
• Find-tuning with model distillation is available

Pro

• Similar to Lite but with more accuracy
• Serves as a teacher model to distill custom varians of Lite and Micro

Premier

• Availability in early 2025

Simon Willison compares them to the Google Gemini family of models.

Costs for micro are $0.035 per million input and $0.14 for output, $0.06 and $0.24 for lite, and $0.80 and $3.20 for Pro. The micro model is slightly cheaper than Gemini 1.5 Flash-8B and appears to be the cheapest model available.