Biden warns of rising oligarchy in final Oval Office address

President Joe Biden delivered his final Oval Office speech, warning of a growing oligarchy in the U.S. He expressed concerns about extreme wealth and influence threatening democracy and basic rights, referencing Tesla CEO Elon Musk's ties to Donald Trump. Biden compared today's situation to President Dwight Eisenhower's warning about a military-industrial complex. He highlighted the decline of the free press and criticized social media's reduced fact-checking efforts, particularly after Meta Platforms ended its U.S. program. He also raised alarms about artificial intelligence, calling for controls on its use. Biden's remarks come as Trump prepares to take office with a cabinet that aims to change traditional American governance.