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Uber for Business launches Eats in new markets
by Paul Hill
Uber for Business is bringing its Eats service to more markets around the world. The launch begins today in Brazil, Canada, France, and the United Kingdom but will launch in over 20 countries in total this year. Uber for Business decided to expand its Eats service after getting messages from companies looking to support employees that are being forced to work from home. The move will help restaurants partnered with Uber Eats as they’ll get more custom.
According to Uber, several new features are coming to the platform alongside today’s announcement. One of these includes employees having the ability to use their individual corporate cards to manage their orders through a business profile on the Uber Eats app or on the website. Some other new added features include:
Uber didn’t state which other countries are set to receive the new service but it should make an announcement at a later date before launching in those countries.
Just Eat and Takeaway.com reach agreement on merger
by Paul Hill
The online food delivery services Just Eat and Takeaway.com have announced the formation of a Combined Group officially called Just Eat Takeaway.com N.V. after reaching an agreement on the terms of their merger. In the announcement published today, the new firm says that it believes the merger will deliver “substantial benefits” for shareholders, consumers, employees, and other stakeholders.
By merging the two companies, the new entity will have access to many markets including those where Just Eat or Takeaway.com are market leaders including in the United Kingdom, Germany, the Netherlands, and Canada. In 2018, the firms had a total of 355 million orders worth €7.3 billion.
Once the new Combined Group’s merger is completed, it will operate with a two-tier board structure consisting of a Management Board and a Supervisory Board which will provide oversight. The two boards will consist of talent from both firms. The make-up of the boards are as follows:
Jitse Groen, currently CEO of Takeaway.com, will become CEO of the Combined Group
Paul Harrison, currently CFO of Just Eat, will become CFO of the Combined Group
Brent Wissink, currently CFO of Takeaway.com, will become Co-COO of the Combined Group
Jörg Gerbig, currently COO of Takeaway.com, will become Co-COO of the Combined Group
Mike Evans, currently chairman of Just Eat, will become chairman of the Supervisory Board
Adriaan Nühn, currently chairman of Takeaway.com Supervisory Board, will become vice-chairman of the Supervisory Board and senior independent non-executive director of the Combined Group
Three independent non-executive members selected by Just Eat
Two non-executive members selected by Takeaway.com, including one member nominated by Gribhold
One more member will be nominated by Delivery Hero under an existing agreement with Takeaway.com
Under the terms of the merger, Just Eat Shareholders will receive 0.09744 new Takeaway.com shares in exchange for each Just Eat share. Immediately after the merger, Just Eat Shareholders will own 52.15% of the business while Takeaway.com shareholders will own 47.85%. The share prices were calculated based on each firm’s share price as of July 26.
I call this my
Colon Cleansing Breakfast
If you are constipated and want to clean yourself out, eat this for a few days. You'll have to choose your replacement /artificial sugar of choice or you can eat it as is.
Researchers develop algorithm to help you identify food and find a recipe
by Paul Hill
Researchers from the Polytechnic University of Catalonia, the Massachusetts Institute of Technology (MIT) and the Qatar Computing Research Institute have developed a new deep learning algorithm that can give you a recipe for a meal just by looking at a picture. The system isn’t perfect but pulls up recipes for lots of images that it’s given.
The researchers gave the neural network one million recipes along with a picture of the final outcome. The recipes and the images were taken from allrecipes.com and food.com, they were then stored in a database dubbed Recipe1M, which is accessible from the Pic2Recipe website.
With Pic2Recipe, a user uploads a photograph of a food they want the recipe for, and using machine learning, the AI analyses the picture to try to come up with the correct recipe; the system usually offers you with several recipes based on how certain the AI was when detecting similarities between the input image and the images in its database.
The image recognition system was trained to take an image and work out what ingredients were needed in the recipe. By training the AI, the researchers achieved a 65% success rate with the system during test trials.
The researchers admit that the system has a long way to go before it is perfect. Nick Hynes from MIT said:
The final goal of the project is to improve people’s health. The researchers hope to figure out what is going into the food people are eating and determine the meal’s nutritional value and calorie count when that information isn’t readily available otherwise.