Dark Markets
Dark Markets is the Newsletter for Fringe Finance. David Z. Morris, PhD (CoinDesk, Fortune) is your guide to the squirming underbelly of capitalism, where markets are irrational, money is imaginary, and the machines are even stupider than the rest of us.
- Indexed issues, last 90 days
- 13
- Latest publication
- Sep 30, 2026
- Audience
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- Earliest in this view
- Aug 9, 2026
Latest issues
👁️ What to Ask Someone Who Thinks AI is Alive (opens the original)
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Welcome to Dark Markets, a weekly update on tech and finance from David Z. Morris, longtime investigative journalist, PhD historian of technology, and author of Stealing the Future: Sam Bankman-Fried, Elite Fraud, and the Cult of Techno-Utopia.The newsletter is currently focused on the deceptive practices and beliefs of the AI industry and the affiliated “Effective Altruist” movement. ***I’ve started doing a new thing on Twitter, and I invite you
👁️ Effective Altruism’s Self-Suck Machine (opens the original)
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Welcome to Dark Markets, a weekly analysis of Silicon Valley weirdos and their varied accomplishments and grifts, from technology journalist and PhD historian David Z. Morris.After a slight delay, I’ve notified the winner of our drawing for Hayek’s Bastards. If you made referrals over the past few months, please search your email for “Hayek’s Bastards” to be sure you don’t miss the notification!Publication Announcement: I wrote a
Caroline Ellison, Manifold Markets, and Eugenics (opens the original)
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This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit davidzmorris.substack.com/subscribe
👁️ Caroline Ellison’s New Job at the Racism Factory (opens the original)
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Caroline Ellison is not a Good Person.That’s hopefully already obvious and doesn’t need to be said. She’s a confessed co-conspirator in the theft of about $11 billion dollars - one of the largest financial crimes in history.You don’t wind up there if you have a strong ethical compass.Now she has a new job. A
👁️ OpenAI is Stealing Your Shit (opens the original)
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It might be the most catastrophic unforced error in corporate history.A company whose entire trade is data, has just shown that it cannot be trusted with data.OpenAI yesterday shared “a solution to the Navier-Stokes Millenium Prize Problem,” a particularly famous and thorny mathematical proof. Frontier labs have presented a few advanced and novel math solutions in recent months, and there has been a sense of both real promise and intense anxiety among mathematicians about what it all meant for t
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