President Joe Biden delivered his farewell address Wednesday, issuing warnings about threats to American democracy, including what he described as a rising oligarchy of extreme wealth and influence. The president compared the dangers of a tech-industrial complex to former President Dwight Eisenhower's 1961 warning about the military-industrial complex. Biden criticized social media platforms for abandoning fact-checking and warned of artificial intelligence's potential risks without safeguards. He also proposed a constitutional amendment to ensure no president is immune from prosecution for crimes committed in office, a comment widely seen as directed at President-elect Donald Trump.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Joe Biden delivered his farewell address Wednesday evening, issuing warning about
00:07threats to American democracy, including what he described as a rising oligarchy of extreme
00:12wealth and influence. The president compared the dangers of a tech industrial complex to
00:18former President Dwight Eisenhower's 1961 warning about the military industrial complex.
00:24Biden criticized social media platforms for abandoning that checking
00:28and warned of artificial intelligence potential risks without safeguards.
00:33He also proposed a constitutional amendment to ensure no president is immune from prosecution
00:38for crimes committed in office, a comment widely seen as directed at President-elect Donald Trump.