In partnership with

Hello Friends!

Here’s the latest scoop from the markets, events, and tech world in this edition of The Weekly Slice, brought to you by our sponsors.

At VedasLabs, we combine timeless philosophical principles with innovative crowdfunding technology to create a platform that fosters community, ethical engagement, and shared success. Our mission is to empower creators and investors through values of excellence, transparency, and collective well-being. Rooted in Aristotle's ethos of excellence and the Vedic law of Karma, our core principles emphasize balanced growth, ethical duty, and the realization of potential. Join us as we pioneer a new era of crowdfunding where tradition meets innovation, creating a meaningful and prosperous investment experience.

Ready to join the VedasLabs community? Sign up here and be part of our journey to blend ancient wisdom with modern crowdfunding success!

Learn how to make AI work for you.

AI breakthroughs happen every day. But where do you learn to actually apply the tech to your work? Join The Rundown — the world’s largest AI newsletter read by over 600,000 early adopters staying ahead of the curve.

1. The Rundown’s expert research team spends all day learning what’s new in AI

2. They send you daily emails on impactful AI tools and how to apply it

3. You learn how to become 2x more productive by leveraging AI

Subscribe with one click.

Market Trends and Economy

Major retailers are offering summer deals to entice inflation-weary shoppers

Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather. Major retailers are stepping up discounts heading into the summer months, hoping to entice inflation-weary shoppers into opening their wallets. Target, Walmart, and other chains have rolled out permanent, some temporary price cuts, with the aim of giving their customers some relief. The reductions, mostly involving groceries, are getting introduced as inflation showed its first sign of easing this year but not enough for consumers struggling to pay for basic necessities, rent, and car insurance.

Dollar firm ahead of global inflation data

The dollar held steady on Monday but was set for its first monthly loss this year, as investors were focused on U.S., European, and Japanese inflation data to guide the global interest rate outlook.

Foreign exchange trade has been dominated by the hunt for "carry" in recent months, punishing low-yield currencies and supporting the dollar, while U.S. data has blown hot and cold and dented policymakers' confidence in the rates outlook.

Conferences 🤝

The 2024 U.S. Fintech Symposium

June 4th - 6th, 2024  |  Chicago, IL

Welcome to the sixth annual U.S. Fintech Symposium – a conference reshaping the fintech landscape by hosting conversations about partnerships and growth strategies. Nestled against a serene lakeside backdrop, our conference prioritizes meaningful conversations over typical presentations. Over two and a half days, immerse yourself in numerous networking events, peer-to-peer discussions, and innovative panel discussions!

Fintech Generations Conference

June 12-13, 2024 | The Dubois Center

Originally titled, Fintech Generations, the Fintech + Insurtech Generations conference you know today looked very different when the idea was first conceived 10 years ago. What started as a simple Demo Day for our Founders has evolved into the 2-day, finance + insurance innovation extravaganza you'll see this year.

Communities - Let’s Grow Together 🌱

Clarity

Starting a business can be daunting, especially for entrepreneurs who don’t have anyone to turn to for help or guidance. Clarity is a conferencing service that allows entrepreneurs to schedule a call with leading experts to get answers to their most burning questions. 

It’s simple to look for an expert, schedule a date and time that works for you, and then get your questions answered. You can then pay the per-minute fee of the expert and leave a review for them, making this a great solution for tailored issues!

Emerging Technology Review 📟

AI headphones let the wearer listen to a single person in a crowd, by looking at them just once

Engineers have developed an artificial intelligence system that lets someone wearing headphones look at a person speaking for three to five seconds to 'enroll' them. The system then plays the enrolled speaker's voice in real-time, even as the pair move around in noisy environments.

3D printing robot creates extreme shock-absorbing shapes, with the help of AI

Inside a lab in Boston University's College of Engineering, a robot arm drops small, plastic objects into a box placed perfectly on the floor to catch them as they fall. One by one, these tiny structures -- feather-light, cylindrical pieces, no bigger than an inch tall -- fill the box. Some are red, others blue, purple, green, or black.

Space Out 📡

Rocket Lab launches NASA CubeSat to study heat lost from Earth's poles

Rocket Lab launched a small Earth-observation satellite for NASA early this morning (May 25). An Electron rocket lifted off from Rocket Lab's New Zealand site today at 3:41 a.m. EDT (0741 GMT; 7:41 p.m. local New Zealand time), carrying the first of two CubeSats for NASA's PREFIRE (Polar Radiant Energy in the Far-InfraRed Experiment) climate-studying mission. According to Rocket Lab, the satellite was deployed into orbit 53 minutes after launch as planned.

James Webb Space Telescope spots 3 of our universe's earliest galaxies

Astronomers using the James Webb Space Telescope have found what they say are three of our universe's earliest galaxies, spotted actively forming when the cosmos was just 400 million to 600 million years old. In the JWST's images, this galactic trio resembles fuzzy red smudges feeding on nearby helium and hydrogen. Over millions of years, these elements sustain such galaxies as they grow, helping to shape them into the familiar ellipses and spirals we see across the cosmos.

The Crypto State 👾

Shaping the Future of Blockchain - Congressional Insights and Regulatory Gaps

On May 22, 2024, the U.S. House of Representatives passed H.R. 4763, the Financial Innovation and Technology for the 21st Century Act (FIT21), marking a significant step for the U.S. digital asset ecosystem. Introduced on July 20, 2023, by Chairman Glenn “GT” Thompson, Rep. French Hill, Rep. Dusty Johnson, Whip Tom Emmer, and Rep. Warren Davidson, with Chairman Patrick McHenry as a cosponsor, FIT21 establishes clear federal requirements for digital asset markets. This legislation grants the CFTC new jurisdiction over digital commodities and clarifies the SEC’s role regarding digital assets offered as investment contracts. It also establishes a process for secondary market trading and imposes comprehensive disclosure, asset safeguarding, and operational requirements on entities registered with the CFTC and SEC. FIT21 aims to protect consumers and investors while fostering innovation, ensuring America remains a leader in the global financial system.

Startup Spotlight 🔦

Q Blockchain

Q is a blockchain initiative that combines the efficiency of centralized systems with the security and transparency of decentralized networks. Its hybrid architecture optimizes performance and security, offering a balanced approach to blockchain technology. Designed for interoperability, Q enables seamless interaction between different blockchain networks. The platform supports advanced smart contracts and decentralized applications, empowering developers to create robust solutions. Emphasizing community-driven governance, Q allows stakeholders to influence the network's development and policies, positioning itself as a pivotal player in the evolution of decentralized technologies.

That’s a Wrap Slice 🍕

What is VedasLabs.io again?

VedasLabs.io is a Web3 funding and networking platform that incentivizes an active, global community comprising founders, mentors, and investors. Our vision is to create a world where investment, the exchange of knowledge, and collaboration among investors, issuers, and industry experts are secure, instantaneous, and without friction.