Yahoo Finance

In his farewell address on Wednesday night, President Biden warned of an "oligarchy" driven by the rise of a "tech industrial complex" that could threaten the American people's basic rights, freedoms, and chance at upward social mobility.

The outgoing commander in chief touched upon artificial intelligence in the speech, calling it the "most consequential technology of our time, perhaps of all time" and demanding necessary safeguards as the US competes with China for dominance in the emerging technology.

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This post was written by Luke Carberry Mogan.