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Photo: "Axios on HBO"

California Gov. Gavin Newsom warned in an interview for "Axios on HBO" that his state’s Big Tech giants — Google, Facebook and others — will soon get "steamrolled" by federal regulations, and deserve to be hit with new restrictions on their wealth and reach.  

Why it matters: Newsom is friends with several tech moguls, including Tesla's Elon Musk and Google co-founder Sergey Brin. And his state relies heavily on the big profits of Big Tech to fund California. Big changes will hit them at the state and federal level, he said.

  • "Are they going to lead in that conversation and engage in it?  Or are they going to get completely steamrolled? By current pace, they are going to get steamrolled."

Newsom refused to say whether Google and Facebook should be broken up, as Sen. Elizabeth Warren and others want. But he seemed more open to regulating tech platforms like media companies, holding them responsible for content on their sites. 

  • Newsom criticized Facebook for not pulling the doctored video of Nancy Pelosi off its platform. “It’s just fake - it's made up. It's doctored. It's done for political purposes.” 

He said he speaks often with Elon Musk and share’s the Tesla founder’s concern that artificial intelligence poses an urgent threat to our way of life.

  • "Technology is playing a bigger role I would argue than globalization" in disrupting jobs and stirring populism, he said. "It’s going to get exponentially worse."

Newsom supports the concept of a data dividend that forces tech platforms to pay California residents for money they make off selling their data.  He was unsure how big those checks should be. 

  • "Your data is being monetized every single nanosecond. And, to the extent it's been monetized and it's yours, I think in some way shape or form you should be rewarded."

Go deeper: Newsom says "Xenophobic" GOP will be 3rd party

Go deeper

Updated 10 hours ago - Sports

The potential GOAT of chess faces intriguing challenger

Illustration: Sarah Grillo/Axios

The World Chess Championship between Norway's Magnus Carlsen and Russia's Ian Nepomniachtchi began on Friday, 1,094 days after Carlsen won his fourth consecutive title.

Why it matters: During the long, COVID-fueled layoff, chess entered a new era, and with the championship finally here, the age-old game is ready for its close-up.

Department of Interior proposes raising cost of drilling on public lands

A horizontal drilling rig and a pump jack sit on federal land in Lea County, New Mexico. Photo: Callaghan O'Hare/Bloomberg via Getty Images

Oil and gas companies should pay more to drill on federal lands and waters, the Department of the Interior argued in a report released Friday, saying that the current rates were "outdated."

Driving the news: The Department of Interior report said that the federal government's oil and gas leasing and permitting program "fails to provide a fair return to taxpayers, even before factoring in the resulting climate-related costs that must be borne by taxpayers."

11 hours ago - Health

U.S. to restrict air travel from 8 countries over new COVID variant concerns

A COVID-19 vaccine is administered. Photo by Joe Raedle/Getty Images

The U.S. will impose new air travel restrictions in response to the Omicron variant, a new COVID strain first detected in South Africa, President Biden announced Friday.

The big picture: Air travel from South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique and Malawi will be restricted starting on Monday.