NY transparency groups celebrate two 'Sunshine Week' wins
New York state transparency advocates scored a pair of victories in Albany in a week set aside each year to highlight the need for reforms to shine a light on the inner-workings of government.
Reinvent Albany joined 18 other watchdog, transparency and journalism groups on Friday in celebrating the approval by the New York Assembly of two bills designed to strengthen the state's Freedom of Information Law.
The bill passed by the assembly would require corporations to re-apply for their records to be exempted from FOIL after they are submitted to the state. The piece of legislation would change the current setup, which allows corporations to ask the state to have their records exempted from FOIL permanently.
Reinvent Albany and the other groups support change, arguing that the public should have the right to see how much the state pays for services and whether investments of public money in private projects offer adequate returns for taxpayers.
The second bill passed by the assembly would require government agencies to report on many FOIL requests they are receiving and closing. Good government advocates argue such a system is needed to enable the public to better understand the state of FOIL in NY and see which agencies are struggling to fill requests.
Both bills were approved by the assembly this week, recognized nationwide as Sunshine Week, a collaborative campaign organized by journalists, news outlets, civic organizations and educational groups to highlight the importance of public records and open government.
Both measures will require state senate approval and Gov. Kathy Hochul's approval before they can become law.
'Reinvent Albany thanks the New York State Assembly for leading on two bills strengthening the state's Freedom of Information Law. We urge the Senate to pass both of these bills quickly and help persuade the governor to sign them,' the non-profit group said in a press release issued on Friday.
Two other FOIL bills still have not passed either house of the state legislature, yet remain on good government groups' list of priorities, including one that would reduce the amount of time agencies are allowed to respond to FOIL requests and another that would strengthen provisions for compensating attorneys that are involved in successful FOIL-related cases.
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Nvidia's data center growth was higher than the 57% growth recorded by AMD in this segment and close to the 77% growth in Broadcom's AI revenue, even though it has a much larger revenue base. This is a testament to just how popular Nvidia's AI chips are, with the company's latest generation of Blackwell processors already a major hit among cloud computing giants within two quarters of hitting the market. Even better, Nvidia has moved past just selling AI hardware. It also offers access to models that help customers train and deploy AI agents, along with other enterprise AI applications that allow customers to improve the efficiency of their large language models (LLMs). Its enterprise platforms are gaining traction in diverse industries such as cybersecurity and restaurants where companies are deploying Nvidia's solutions to streamline their operations or to build agentic AI applications. All this indicates that investors shouldn't miss the forest for the trees, as Nvidia's long-term prospects aren't dependent on just China. There is still a lot of room for growth in the AI chip market, and the company's diversification into other areas such as enterprise AI applications and automotive should be enough to power remarkable growth over the next five years. Nvidia is currently trading at 23 times sales. While that's three times the U.S. technology sector's average price-to-sales ratio, the company's dominant position in AI chips, the prospects of this market, and the other catalysts that are coming into play help justify that valuation. We have already seen in the chart that Nvidia's top line is expected to jump to $292 billion in three years. If it maintains its sales multiple at that time, it will be able to easily surpass a $6 trillion valuation in just three years, representing a big jump from current levels. However, if we assume Nvidia's top-line growth slows after fiscal 2028 to an annual rate of 15% in fiscal 2029 and 2030 from the 31% compound annual growth rate that it is forecast to clock between fiscal 2026 and 2028 (using fiscal 2025 revenue of $130.5 billion as the base), its annual revenue could jump to $386 billion after five years. If Nvidia trades at a discounted 15 times sales at that time, it could still hit a $6 trillion valuation by 2030. So, investors can still consider buying this AI stock in anticipation of more upside in the long run, as it seems capable of maintaining its healthy growth rate over the next five years. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. Prediction: This Artificial Intelligence (AI) Stock Could Hit a $6 Trillion Valuation by 2030 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
