In his farewell address, President Biden expressed concern about the growing concentration of power in the hands of a few ultra-wealthy individuals, warning of a potential 'oligarchy' threatening American democracy. He pointed to the 'tech-industrial complex' as a significant danger, citing the spread of misinformation, the decline of the free press, and the erosion of fact-checking on social media platforms.
WASHINGTON — Outgoing President Biden used a resentful farewell address Wednesday night to warn against what he called a “tech-industrial complex” — claiming that “an oligarchy is taking shape in America” in a
Disgraced and pardoned first son Hunter Biden was seated just steps away from his father as the outgoing president called on Americans to respect “the courts” and “pay their fair share” of taxes. “In his farewell address, President Eisenhower spoke of the dangers of the military-industrial complex. He warned us then about, ‘the potential for the disastrous rise of misplaced power,'” Biden said.“Six decades later, I’m equally concerned about the potential rise of a tech-industrial complex that could pose real dangers for our country as well,” the president went on.
Meta’s recently abandoned system allowed junior writers at partnering organizations to issue opinionated “fact checks” that downgraded political speech on Facebook and Instagram based on disputed analysis,that reflected poorly on Biden — such as criticism of his contribution to the mass incarceration of black men through harsh crime laws in the 1980s and ’90s.
Musk, the world’s richest person, meanwhile, actively supported Trump’s campaign and owns a number of high-tech companies, including electric carmaker Tesla and the aerospace contractor SpaceX., said America must enact tax policies meant to make the rich “begin to pay their fair share” and that there should be new policies against the “dark money … behind too many campaigns contributions” — even though much of it has benefited his own party.
“But unless safeguards are in place, AI could spawn new threats to our rights, our way of life, to our privacy, how we work and how we protect our nation. We must make sure AI is safe and trustworthy and good for all humankind.”
BIDEN Oligarchy TECH INDUSTRY MISINFORMATION AI
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