Google is considering introducing an annual subscription plan for Gemini Advanced users to reduce long-term costs. Currently, users can only access the service through the Google One AI Premium monthly plan ($19.99/month), while the basic and premium versions of Google One support annual payments but do not include Gemini Advanced features.
According to Josh Woodward, vice president of Google Labs, the company is working on developing an annual subscription plan. If the existing pricing strategy is followed, the annual fee could be $199.99, which would save users around $40 compared to the monthly plan. This move would not only reduce user churn but also stabilize Google's cash flow.
The introduction of an annual subscription plan for Gemini Advanced could provide users with more flexibility and cost savings, while also allowing Google to maintain a steady income stream. This could be a win-win for both parties involved.