Biden warns of oligarchy threat to democracy in farewell address

In his farewell address, President Joe Biden warned of a growing oligarchy in the U.S. formed by the superrich, which he believes threatens democracy. He spoke from the Oval Office three days before leaving office. Biden's comments coincided with several tech billionaires attending the upcoming Trump inauguration. He criticized the influence of social media and misinformation, linking it to the erosion of truth and the power of the tech elite. He also raised concerns about the impact of concentrated power on climate change and artificial intelligence. Biden described AI as a significant threat without proper safeguards, emphasizing the need to protect future generations.