Despite economic uncertainties, the demand for road safety solutions continues to grow, contributing to Acusensus’s (ASX: ACE) revenue and earnings for FY24 Founded in 2018, Acusensus designs and develops artificial intelligence-enabled road safety solutions. The Company’s financial performance highlights its focus on strategic initiatives, with an 18% annual increase in revenue to $49.6 million. The
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Hands-free or not, if you’ve been using your smartphone while driving, you’re putting your life in danger. Studies have found that drivers glued to their phones are ten times more likely to crash. Besides that, in NSW, you can be fined anywhere between $387 and $514 (if in a school zone) for using your phone
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In November 2021, the Queensland government installed high-tech artificial intelligence (AI)-enabled cameras across the region to curb irresponsible driving. Less than a year in, they raked in $100 million in fines, thanks to people caught using their phones while driving or not wearing their seatbelts. No doubt, there are fewer effective ways of making people
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