Biden warns of tech industrial complex and calls for US leadership in AI in farewell address

In his farewell address, President Joe Biden warned of an emerging oligarchy in the U.S. and a potential "tech industrial complex." He emphasized the need for America to lead in artificial intelligence development, rather than China, highlighting both opportunities and risks associated with AI. Biden expressed concerns about the concentration of wealth and power, urging the wealthy to pay their fair share of taxes. He criticized the spread of misinformation and the decline of the free press, stating that these issues threaten democracy and individual rights. He also mentioned a cease-fire agreement in Gaza, developed by his team and to be implemented by President-elect Donald Trump’s administration. Biden's presidency concludes on January 20, after he withdrew from the presidential race last year.