President Joe Biden, in his farewell address Wednesday night from the Oval Office, pointed the finger at a “few, ultra-wealthy people” as he warned about the spread of misinformation and disinformation on social media and the abuse of artificial intelligence—each consequences of a “tech-industrial complex” that could grow even more powerful in the next Trump administration.

President Joe Biden warned of the dangers of “misplaced power” Wednesday in a grim farewell address that compared the nation’s tech CEOs to oligarchs. “Today, an oligarchy is taking shape in America of extreme wealth,