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The Hidden Costs of Relying Too Much on AI in Business Decision-Making

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Hospitality is one of humanity’s oldest and most noble traditions. Long before skyscrapers and streaming platforms, before hashtags and high-speed internet, there was the art of welcoming a guest—offering shelter, food, music, conversation, and most importantly, a sense of belonging. In today’s fast-paced world, that tradition has not only survived but evolved into one of the most exciting, influential, and emotionally rich industries of our time.

I’ve had the privilege of experiencing hospitality across the globe—from royal banquets in European castles to street cafés in Paris, luxury wellness retreats in California, and beachfront bistros in the Mediterranean. But whether the setting is regal or rustic, the spirit of hospitality remains the same: it is about connection. And when done right, it becomes unforgettable.

Operating a Hotel, bar, restaurant, café, and bistro under one brand is not only a dynamic and thrilling enterprise—it is an art. It’s the modern palace where every guest becomes royalty, every server becomes a storyteller, and every meal becomes a moment. Here is my view on why hospitality is one of the most powerful fields in the world—and how, with grace and strategy, it can flourish across generations.

Hospitality Is Not a Business. It Is a Calling.

To succeed in hospitality, you must love people—not just occasionally, not only the ones who are kind and easy, but all people, in all their moods, needs, and personalities. The most successful restaurateurs, bartenders, chefs, and café owners understand that they are not in the food business, beverage business, or even entertainment business.

They are in the people business.

And in this business, details matter. Does the lighting flatter the guest at every hour of the day? Does the espresso arrive with the perfect crema and a handwritten note? Is the music curated to the time of day and the energy of the room? Hospitality isn’t about surviving dinner service—it’s about curating micro-moments that create loyalty for life.

The Crown Jewel: Building a Multifaceted Brand

Imagine a single destination where a guest can start the morning with a health-conscious matcha latte at the café, host a lunch meeting in a vibrant sunlit bistro, sip a pre-dinner cocktail with live music at the bar, and enjoy a five-course culinary experience in a restaurant that feels like a world of its own.

This is not fantasy—it’s the future of boutique hospitality. It is synergy at its finest, and when done with vision and heart, it becomes an empire of joy.

Each concept—café, bistro, bar, and restaurant—must have its own identity and language. A successful hospitality brand allows these spaces to speak in different tones while singing in harmony. This creates not only multiple revenue streams, but multiple emotional touchpoints with your guests.

Royal Secrets to Staying Timeless and Trending

In the court of modern consumer attention, only the most innovative and soulful establishments will survive. Here is what I recommend to keep your brand not only alive, but beloved.

1. Evolve Without Losing Your Essence

Change your menu seasonally. Introduce new cultural or culinary collaborations. But never lose the character that defines you. Your guests should recognize your essence, even in your surprises.

2. Entertain with Elegance

Host themed evenings—jazz nights, royal tea services, fireside storytelling, wine and poetry pairings. Bring art, music, humor, and intellect into your space. You’re not just filling tables; you’re filling hearts.

3. Honor the Power of Ritual

From birthday toasts to after-work cocktails, we live for rituals. Make your space the home of someone’s every Tuesday cappuccino or first date. Ritual breeds loyalty. Loyalty breeds legacy.

4. Digital Royalty

In today’s world, your social media is your virtual palace gates. Treat every post, reel, and photo as a grand entrance. Show not only the food, but the feeling. Not just the venue, but the voice behind it.

A Staff That Shines Like Courtly Knights

In my experience, the true heroes of hospitality are the team members—the chefs, bartenders, servers, greeters, and dishwashers. Train them not only in technical excellence but in empathy, attentiveness, and dignity.

Create a house culture where every team member feels seen, valued, and part of something greater than themselves. The energy of your space will always mirror the energy of your staff. Treat them like royalty—and they will treat your guests like cherished friends.

A Guest Is Not Just a Transaction—They Are a Legacy

We live in a time where experiences are the new luxury. The value of your brand lies in how people feel in your space. Did they feel cared for? Surprised? Delighted? Inspired?

Hospitality success comes when guests no longer refer to you as a place—but as a person. “Let’s go to your bar.” “I can’t wait to have dinner at your bistro.” That’s when you’ve moved from commercial success to emotional ownership.

It is not about filling a seat—it’s about being a chapter in someone’s story.

The Path to Hospitality Greatness

Running a successful hospitality group in today’s world requires equal parts vision and versatility, humility and boldness, tradition and trend. It is a deeply human endeavor. When you create a space where strangers become friends, and guests become family—you are not running a business. You are building a legacy.

And that legacy, when nurtured with passion, elegance, and care, will outlast trends, seasons, and even ownership. Because what you create is not only a place to dine or drink—it is a home for the senses and a sanctuary for the soul.

From the café to the bar, from the bistro to the fine restaurant, may your tables always be full, your guests always smiling, and your light always shining.

Warmly,
H.H. Dr. Prince Mario-Max Schaumburg-Lippe
Author | TV Host | Global Hospitality Advocate | Royal Storyteller



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AI company Anthropic to pay authors $1.5 billion in landmark settlement

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Big numbers often get thrown around in the aftermath of legal battles, as judges hand down judgements—or attorneys arrange settlement amounts—in the tens, or hundreds, of millions of dollars. Still, even jaded legal observers can occasionally run into a genuinely daunting number while parsing this stuff. Like, say, the $1.5 billion settlement that AI company Anthropic has agreed to pay in the ongoing class-action suit against it, launched by authors who said the company infringed on their copyrighted works by feeding them as training data to its “AI assistant” Claude. Sure, parts of that sum (calculated at $3,000 per work for a staggering number of works, and with its first $300 million installment due just five days after the settlement is approved) might potentially vanish in a puff of future bankruptcy. But it’s still the “largest publicly reported copyright recovery in history,” according to legal documents from the authors’ attorneys.

That being said, the win here on the wider AI front is quite a bit less clear than “hand our clients the annual estimated GDP of Grenada” might suggest. Yes, U.S. District Judge William Alsup set the stage for Anthropic to eat that massive price tag by ruling that the company clearly violated copyright agreements via how it acquired the books it fed into its own personal woodchipper. (I.e., downloading pirated datasets of millions of books that had been floating around the internet.) And, yes, the settlement will require Anthropic to destroy those “shadow library” datasets in its possession. (But notably, with no actual changes to the Claude large language model itself.) Most critically, though, back in June, Alsup also ruled that “reproducing purchased-and-scanned books to train AI” falls under fair use, calling the case “exceedingly transformative” as a justification for the designation.

As such, both sides in the fight issued statements claiming a form of victory today, with the authors’ side focusing mostly on the massive size of the settlement amount. Anthropic, meanwhile—which has been backed in the past with more than $6 billion in contributions from Amazon and Google—focused its statements on the legal precedent it achieved in the case: “In June, the District Court issued a landmark ruling on AI development and copyright law, finding that Anthropic’s approach to training AI models constitutes fair use. Today’s settlement, if approved, will resolve the plaintiffs’ remaining legacy claims.” What this likely means is that AI companies aren’t going to slow down—especially with, say, a $1.5 billion mortgage suddenly hanging over their heads—but simply become a lot more choosy about how they get their training data.

[via Deadline]




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Broadcom Inc. Reports Record Revenue Amid AI Growth

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Broadcom Inc. ((AVGO)) has held its Q3 earnings call. Read on for the main highlights of the call.

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The recent earnings call from Broadcom Inc. showcased a strong performance in AI semiconductors and infrastructure software, with record revenues and a solid backlog. Despite some challenges in the non-AI semiconductor segment and pressures on gross margins due to product mix, the overall sentiment was optimistic. The positive highlights significantly outweighed the lowlights, indicating a promising outlook for future growth, particularly in AI.

Record-Breaking Revenue and Growth

Broadcom Inc. reported a record total revenue of $16 billion, marking a 22% increase year-on-year. This impressive growth was primarily driven by the strong performance in AI semiconductors and the expansion of VMware. The company’s ability to achieve such significant revenue growth underscores its strategic focus on high-growth areas.

AI Semiconductor Growth

The AI semiconductor segment was a standout performer, generating $5.2 billion in revenue, which represents a 63% increase year-on-year. This marks the 10th consecutive quarter of robust growth in this segment. Looking ahead, Broadcom forecasts AI semiconductor revenue to reach approximately $6.2 billion in Q4, up 66% year-on-year, highlighting the company’s leadership in this rapidly expanding market.

Infrastructure Software Segment Performance

Broadcom’s infrastructure software segment also delivered strong results, with revenue reaching $6.8 billion, up 17% year-on-year. The total contract value booked during Q3 was $8.4 billion, reflecting the company’s strength in securing long-term commitments from customers.

Strong Backlog and Bookings

The company’s consolidated backlog reached a record $110 billion, with bookings showing robust growth, particularly in AI. This substantial backlog provides a solid foundation for future revenue and demonstrates strong customer demand across Broadcom’s product lines.

CEO Tenure Extension

In a significant leadership development, Broadcom’s board and CEO Hock Tan have agreed that he will continue as the CEO through at least 2030. This extension provides stability and continuity in leadership, which is crucial for executing the company’s long-term strategic vision.

Non-AI Semiconductor Demand

While the AI segment thrived, the non-AI semiconductor demand remained sluggish, with Q3 revenue of $4 billion flat sequentially. Enterprise networking and service storage experienced sequential declines, with only broadband showing strong growth. This highlights the challenges Broadcom faces in certain segments of its semiconductor business.

Gross Margin Impact

Broadcom anticipates a slight decline in its Q4 consolidated gross margin, down approximately 70 basis points sequentially. This is primarily due to a higher mix of XPUs and wireless revenue, which impacts the overall product mix and margin structure.

Forward-Looking Guidance

During the earnings call, Broadcom provided robust guidance for the upcoming quarter and fiscal year. The company forecasts Q4 2025 consolidated revenue of $17.4 billion, up 24% year-on-year, with AI semiconductor revenue expected to reach $6.2 billion, up 66% year-on-year. Infrastructure software revenue is projected at $6.7 billion, up 15% year-on-year. Broadcom anticipates an adjusted EBITDA margin of 67% for Q4, with continued growth in the AI business and the addition of a significant fourth customer expected to positively impact fiscal 2026.

In summary, Broadcom Inc.’s latest earnings call highlighted a strong performance in AI semiconductors and infrastructure software, with record revenues and a promising outlook for future growth. Despite some challenges in non-AI segments and margin pressures, the overall sentiment was optimistic, driven by significant achievements and robust forward-looking guidance.

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Runway founder Cristóbal Valenzuela wants Hollywood to embrace AI

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At 84, veteran mogul John Malone is still a power broker, hinting at “further consolidation in the media industry” following a recent sit down with David Ellison. Should we be on the lookout for a Warner–Paramount merger? Meanwhile in Vegas, the Sphere’s $100 million Wizard of Oz reimagining leans on AI to expand the visuals and even slip in cameos of David Zaslav and James Dolan. The Directors Guild did not take kindly to the stunt. Partners in Banter Kim Masters and Matt Belloni pull back the curtain on the Sphere’s Emerald City sideshow.

Plus, Masters speaks with Runway co-founder Cristóbal Valenzuela about the role of artificial intelligence in Hollywood. The Chilean-born developer acknowledges that AI may lead to some job losses, but he argues it will ultimately benefit filmmakers. He explains why studios including Lionsgate, Netflix, and Disney are already using Runway’s tools. Plus, he compares the current backlash against AI to the upheaval that followed the introduction of sound in film.





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