During his farewell address on Wednesday, U.S. President Joe Biden cautioned that an American oligarchy is forming, specifically a tech-oligarchy dominated by a few billionaires who hold a "dangerous concentration of power." He referred to the emergence of a "tech industrial complex," echoing sentiments from President Dwight Eisenhower's farewell address in 1961.

Biden issues subtle criticism of Musk and Zuckerberg, cautions 'Tech oligarchs'

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Biden issues subtle criticism of Musk and Zuckerberg, cautions 'Tech oligarchs'