David Siegel (computer scientist)

{{short description|American computer scientist and entrepreneur (b. 1961)}}

{{like resume|date=December 2024}}

{{Infobox person

| name = David Siegel

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| birth_name =

| birth_date = 1961

| birth_place = The Bronx, New York, US

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| education = Princeton University, MIT

| occupation = Computer scientist

| years_active =

| known_for = Co-founder and co-chairman of Two Sigma

| notable_works =

}}

David Mark Siegel (born 1961) is an American computer scientist, entrepreneur, and philanthropist. He co-founded Two Sigma, where he currently serves as co-chairman.{{Cite web|url=https://www.forbes.com/profile/david-siegel-1/|title=David Siegel|website=Forbes|language=en|access-date=2019-01-15|archive-date=2018-11-23|archive-url=https://web.archive.org/web/20181123122244/https://www.forbes.com/profile/david-siegel-1/|url-status=live}}{{Cite web|url=https://www.forbes.com/sites/nathanvardi/2014/07/11/two-sigma-investments-is-having-a-great-year-and-becoming-a-hedge-fund-powerhouse/|title=Two Sigma Investments Is Having a Great Year And Becoming A Hedge Fund Powerhouse|last=Vardi|first=Nathan|website=Forbes|language=en|access-date=2019-01-15|archive-date=2017-10-25|archive-url=https://web.archive.org/web/20171025133705/https://www.forbes.com/sites/nathanvardi/2014/07/11/two-sigma-investments-is-having-a-great-year-and-becoming-a-hedge-fund-powerhouse/|url-status=live}} Siegel has written for Business Insider, The New York Times, Financial Times and similar publications on topics including machine learning,{{Cite web|date=2017-09-14|title=Two Sigma's Siegel on Sourcing Top Talent|url=https://www.bloomberg.com/news/videos/2017-09-14/two-sigma-s-siegel-on-sourcing-top-talent-video|url-status=live|archive-url=https://web.archive.org/web/20190714080011/https://www.bloomberg.com/news/videos/2017-09-14/two-sigma-s-siegel-on-sourcing-top-talent-video|archive-date=2019-07-14|access-date=2019-01-15|website=Bloomberg.com}} the future of work,{{Cite news|url=https://www.nytimes.com/2017/01/25/business/dealbook/how-efficiency-is-wiping-out-the-middle-class.html|title=How Efficiency Is Wiping Out the Middle Class|last=Siegel|first=David|date=2017-01-25|work=The New York Times|access-date=2019-01-15|language=en-US|issn=0362-4331|archive-date=2019-01-15|archive-url=https://web.archive.org/web/20190115184117/https://www.nytimes.com/2017/01/25/business/dealbook/how-efficiency-is-wiping-out-the-middle-class.html|url-status=live}} and the impact of algorithms used by search and social media companies.{{Cite web|url=https://www.businessinsider.com/two-sigma-david-siegel-on-fake-news-and-infinite-personalization-2017-2|title=Infinite personalization is making us dumber|website=Business Insider|access-date=2019-01-15|archive-date=2019-01-15|archive-url=https://web.archive.org/web/20190115234159/https://www.businessinsider.com/two-sigma-david-siegel-on-fake-news-and-infinite-personalization-2017-2|url-status=live}}{{Cite web|url=http://fortune.com/2016/05/03/two-sigma-david-siegel-worries-about-robot-take-over/|title=It's Time to Really Start Worrying About a Robot Takeover|website=Fortune|language=en|access-date=2019-01-15|archive-date=2019-01-15|archive-url=https://web.archive.org/web/20190115182118/http://fortune.com/2016/05/03/two-sigma-david-siegel-worries-about-robot-take-over/|url-status=live}}

Early life and education

Siegel was born in 1961{{Cite web|url=https://www.forbes.com/profile/david-siegel-1/|title=David Siegel|website=Forbes|language=en|access-date=2019-06-27|archive-date=2019-08-13|archive-url=https://web.archive.org/web/20190813205718/https://www.forbes.com/profile/david-siegel-1/|url-status=live}} and spent his early childhood in the Bronx, New York and focused on computer science at a young age.{{Cite web|url=https://www.twosigma.com/about/|title=About|website=Two Sigma|language=en|access-date=2019-06-27|archive-date=2019-06-27|archive-url=https://web.archive.org/web/20190627085828/https://www.twosigma.com/about/|url-status=live}} By 12 years old, he had built memory and logic boards and learned to program a supercomputer at New York University's Courant Institute of Mathematical Sciences.{{Cite web|url=https://pacscenter.stanford.edu/person/david-siegel/|title=David Siegel|website=Stanford PACS|language=en-US|access-date=2019-06-27|archive-date=2019-06-27|archive-url=https://web.archive.org/web/20190627085831/https://pacscenter.stanford.edu/person/david-siegel/|url-status=live}} As a freshman in high school, he taught a programming course to high school students at an NYU summer program.{{Cite web|url=https://www.firstinspires.org/about/leadership/david-siegel|title=David Siegel|date=2017-07-12|website=FIRST|language=en|access-date=2019-06-27|archive-date=2019-06-27|archive-url=https://web.archive.org/web/20190627085838/https://www.firstinspires.org/about/leadership/david-siegel|url-status=live}}

After attending Mamaroneck High School, Siegel graduated from Princeton University with a degree in electrical engineering and computer science and he went on to receive a PhD in computer science from the MIT. There, he conducted research at the Artificial Intelligence Laboratory and developed thermal and tactile sensors for the Utah-MIT dexterous four-fingered hand, as well as a computational architecture for controlling the system.{{Cite journal|last=Siegel|first=David Mark|date=1986-06-01|title=Contact Sensors for Dexterous Robotic Hands|hdl=1721.1/6848|url=http://dspace.mit.edu/handle/1721.1/6848|language=en-US|access-date=2019-01-15|archive-date=2015-04-19|archive-url=https://web.archive.org/web/20150419234804/http://dspace.mit.edu/handle/1721.1/6848|url-status=live}}

Career

After leaving MIT, Siegel worked alongside Jeff Bezos{{Cite web|url=https://www.forbes.com/sites/nathanvardi/2015/10/01/the-d-e-shaw-mafia-2/|title=Mafia Wars: How D.E. Shaw's Wall Street Geeks Overtook The Paypal Mafia In Producing Billionaires|last=Vardi|first=Nathan|website=Forbes|language=en|access-date=2019-06-18|archive-date=2019-06-18|archive-url=https://web.archive.org/web/20190618065548/https://www.forbes.com/sites/nathanvardi/2015/10/01/the-d-e-shaw-mafia-2/|url-status=live}} at D.E. Shaw & Co and became the company's first Chief Information Officer. During this time he founded FarSight Financial Services, the first integrated personal financial services website. FarSight performed the first retail stock trade on the Internet and was acquired by Merrill Lynch.{{Cite web|title=David Mark Siegel, Two Sigma Investments LLC: Profile and Biography - Bloomberg Markets|url=https://www.bloomberg.com/profile/person/18021482|access-date=2019-06-18|website=Bloomberg.com}} He later served as Chief Technology Officer and Managing Director at Tudor Investment Corporation. In 1999, Siegel founded Blink.com, a web-based browser bookmark storage, organization, and sharing service that automatically searched for new sites related to users' existing bookmarks.{{Cite web|url=http://www.startupzone.com/zone/list2/startupcategory/WC1110StartupDetailf5b5.html|title=Blink.com, Inc. > Startup Company Information|website=www.startupzone.com|access-date=2019-01-20|archive-date=2019-01-20|archive-url=https://web.archive.org/web/20190120144452/http://www.startupzone.com/zone/list2/startupcategory/WC1110StartupDetailf5b5.html|url-status=live}} Blink was later sold to the Vendare Group.{{cn|date=April 2023}}

= Two Sigma =

In 2001, Siegel co-founded Two Sigma, a New York City-based company that applies data science and technology to financial services.{{Cite web|url=https://www.forbes.com/sites/nathanvardi/2014/07/11/two-sigma-investments-is-having-a-great-year-and-becoming-a-hedge-fund-powerhouse/|title=Two Sigma Investments Is Having a Great Year And Becoming A Hedge Fund Powerhouse|last=Vardi|first=Nathan|website=Forbes|language=en|access-date=2019-08-26|archive-date=2017-10-25|archive-url=https://web.archive.org/web/20171025133705/https://www.forbes.com/sites/nathanvardi/2014/07/11/two-sigma-investments-is-having-a-great-year-and-becoming-a-hedge-fund-powerhouse/|url-status=live}} Siegel has stated that he believes investment managers that take a scientific approach to investing – by using machines, data, and artificial intelligence – have a distinct advantage.{{Cite news|url=https://www.economist.com/leaders/2019/10/03/the-rise-of-the-financial-machines|title=The rise of the financial machines|date=2019-10-03|newspaper=The Economist|access-date=2019-11-12|issn=0013-0613|archive-date=2019-11-05|archive-url=https://web.archive.org/web/20191105213304/https://www.economist.com/leaders/2019/10/03/the-rise-of-the-financial-machines|url-status=live}} As of 2019, Two Sigma managed $60B assets globally,{{Cite web|url=https://www.businessinsider.com/two-sigma-head-of-technology-says-security-is-the-biggest-problem-he-faces-2019-5|title='It's a cat-and-mouse game': The head of technology at $60 billion hedge fund Two Sigma explains why cybersecurity is a bigger challenge than AI|last=Saacks|first=Bradley|website=Business Insider|access-date=2019-11-12|archive-date=2019-11-12|archive-url=https://web.archive.org/web/20191112091849/https://www.businessinsider.com/two-sigma-head-of-technology-says-security-is-the-biggest-problem-he-faces-2019-5|url-status=live}} and had offices in New York, Houston, London, Hong Kong and Shanghai.{{Cite web|url=https://www.institutionalinvestor.com/article/b1g1fp7k736xlv/Inside-the-Geeky-Quirky-and-Wildly-Successful-World-of-Quant-Shop-Two-Sigma|title=Inside the Geeky, Quirky, and Wildly Successful World of Quant Shop Two Sigma|website=Institutional Investor|date=28 June 2019 |language=en-gb|access-date=2019-11-12|archive-date=2019-11-12|archive-url=https://web.archive.org/web/20191112091850/https://www.institutionalinvestor.com/article/b1g1fp7k736xlv/Inside-the-Geeky-Quirky-and-Wildly-Successful-World-of-Quant-Shop-Two-Sigma|url-status=live}}

Siegel has spoken about encouraging employees to branch out from their daily work at Two Sigma, taking on outside engineering challenges and coding competitions. In May 2019, a Two Sigma team competed in the inaugural New York City FIRST robotics corporate challenge after setting up a temporary robotics lab in its New York office.

Siegel supports employees contributing to the company's Data Clinic, which uses the pro bono model to connect Two Sigma data scientists on a project basis with the social sector. In a partnership with the Environmental Defense Fund, the Two Sigma Data Clinic data scientists used public data on inspections of oil and gas wells to develop predictive models that could be used to send inspectors to higher risk sites.{{Cite web|url=https://www.bloomberg.com/news/articles/2019-01-11/two-sigma-marshals-squadron-of-quants-in-push-to-help-nonprofits|title=Two Sigma Marshals Squadron of Quants in Push to Help Nonprofits|last=Gordon|first=Amanda L.|date=November 12, 2019|website=Bloomberg|archive-date=2019-11-12|archive-url=https://web.archive.org/web/20191112091849/https://www.bloomberg.com/news/articles/2019-01-11/two-sigma-marshals-squadron-of-quants-in-push-to-help-nonprofits|url-status=live}}

Published views

Siegel writes and speaks frequently about the relationship between technology and society. He has called machine learning the "story of our times," and despite its limitations, such as a lack of common sense, has described it as "the best way anyone has come up with to algorithmically find knowledge in unstructured data."{{Cite web|url=https://www.bloomberg.com/news/videos/2017-09-14/two-sigma-s-siegel-on-sourcing-top-talent-video|title=Two Sigma's Siegel on Sourcing Top Talent|date=July 14, 2019|website=Bloomberg|access-date=2019-07-14|archive-date=2019-07-14|archive-url=https://web.archive.org/web/20190714080011/https://www.bloomberg.com/news/videos/2017-09-14/two-sigma-s-siegel-on-sourcing-top-talent-video|url-status=live}}

Siegel has focused on the importance of separating misconceptions from reality when it comes to A.I. and algorithms.{{Cite web|url=https://www.twosigma.com/insights/article/ai-past-and-future-a-conversation-with-david-siegel-and-kai-fu-lee/|title=AI Past and Future: A Conversation with David Siegel and Kai-Fu Lee|website=Two Sigma|language=en|access-date=2019-07-14|archive-date=2019-07-14|archive-url=https://web.archive.org/web/20190714080012/https://www.twosigma.com/insights/article/ai-past-and-future-a-conversation-with-david-siegel-and-kai-fu-lee/|url-status=live}} In 2019, he cautioned that A.I. and automation could lead to significant losses of certain middle-skill jobs,{{Cite news|url=https://www.nytimes.com/2017/01/25/business/dealbook/how-efficiency-is-wiping-out-the-middle-class.html|title=How Efficiency Is Wiping Out the Middle Class|last=Siegel|first=David|date=2017-01-25|work=The New York Times|access-date=2019-07-14|language=en-US|issn=0362-4331|archive-date=2019-04-16|archive-url=https://web.archive.org/web/20190416031714/https://www.nytimes.com/2017/01/25/business/dealbook/how-efficiency-is-wiping-out-the-middle-class.html|url-status=live}} but could create new types of jobs for appropriately skilled workers.

He has also argued that algorithms such as those used by search and social media companies could harm society by "contributing to increasingly slanted and divided views about the issues of the day."{{Cite web|url=https://www.businessinsider.com/two-sigma-david-siegel-on-fake-news-and-infinite-personalization-2017-2|title=Infinite personalization is making us dumber|website=Business Insider|access-date=2019-07-14|archive-date=2019-06-18|archive-url=https://web.archive.org/web/20190618065557/https://www.businessinsider.com/two-sigma-david-siegel-on-fake-news-and-infinite-personalization-2017-2|url-status=live}}{{Cite web|url=https://fortune.com/2016/05/03/two-sigma-david-siegel-worries-about-robot-take-over/|title=It's Time to Really Start Worrying About a Robot Takeover|website=Fortune|language=en|access-date=2019-07-14|archive-date=2019-07-14|archive-url=https://web.archive.org/web/20190714080011/https://fortune.com/2016/05/03/two-sigma-david-siegel-worries-about-robot-take-over/|url-status=live}} Siegel has advocated for these companies to form a self-regulatory organization modeled after the Financial Industry Regulatory Authority.{{Cite magazine|url=https://www.wired.com/story/its-not-too-late-for-social-media-to-regulate-itself/|title=It's Not too Late for Social Media to Regulate Itself|last=Reich|first=David Siegel,Rob|date=2019-02-07|magazine=Wired|access-date=2019-07-14|issn=1059-1028|archive-date=2019-06-21|archive-url=https://web.archive.org/web/20190621205716/https://www.wired.com/story/its-not-too-late-for-social-media-to-regulate-itself/|url-status=live}} Siegel has suggested that if society is going to trust machines with life or death situations, it must "insist on new, tougher standards for their software."{{Cite web |last=Siegel |first=David |date=2019-07-04 |title=There's no excuse for sloppy automation |url=https://www.ft.com/content/f59fe386-9813-11e9-98b9-e38c177b152f |url-status=live |archive-url=https://web.archive.org/web/20190826072058/https://www.ft.com/content/f59fe386-9813-11e9-98b9-e38c177b152f |archive-date=2019-08-26 |access-date=2019-08-26 |website=Financial Times |language=en-GB}}

Siegel has also spoken about his concern that we “may not be building a world that is meant for humans” and has been focused on how the Covid-19 pandemic has accelerated society's dependence on technology and automation, negatively impacting the human experience.{{Cite news|date=2021-01-12|title=Wall Street Visionaries Provide Chilling Views on Next Big Risk|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2021-01-12/what-do-wall-street-leaders-think-is-the-next-big-risk|access-date=2021-02-10}}

He also argued in 2018 that America needs a consistent and thought-out plan for investing in and maintaining infrastructure rather than periodically and haphazardly investing in it.{{Cite news|last=Siegel|first=David|date=2018-06-18|title=Don't Binge on Bridge-Building|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/dont-binge-on-bridge-building-1529363528|access-date=2021-02-10|issn=0099-9660}}

Philanthropy

= Siegel Family Endowment =

In 2011, he founded the Siegel Family Endowment, which supports organizations that help prepare society for the impact of technology.{{Cite web|url=https://www.cc.gatech.edu/news/611520/siegel-family-endowment-awards-constellations-center-funding-support-ap-computer-science|title=Siegel Family Endowment Awards Constellations Center Funding to Support AP Computer Science Programming {{!}} College of Computing|website=www.cc.gatech.edu|access-date=2019-01-15|archive-date=2019-01-15|archive-url=https://web.archive.org/web/20190115184251/https://www.cc.gatech.edu/news/611520/siegel-family-endowment-awards-constellations-center-funding-support-ap-computer-science|url-status=live}} The endowment funds organizations including the Center on Rural Innovation - which brings digital job training, computer science education and entrepreneurship centers to rural areas — and Data and Society – a research institute that examines the social issues that can arise from pervasive technology.{{Cite web|url=https://www.institutionalinvestor.com/article/b1f61584d2sl0q/The-Rich-List|title=The Rich List|website=Institutional Investor|date=30 April 2019 |language=en-gb|access-date=2019-07-14|archive-date=2019-04-30|archive-url=https://web.archive.org/web/20190430211547/https://www.institutionalinvestor.com/article/b1f61584d2sl0q/The-Rich-List|url-status=live}}

In 2017, Siegel Family Endowment made a total of 50 grants to organizations including the New York Hall of Science,{{Cite web|url=https://medium.com/@SiegelEndowment/grantee-profile-new-york-hall-of-science-6fc9b38b372c|title=Grantee Profile: New York Hall of Science|last=Endowment|first=Siegel Family|date=2018-02-07|website=Siegel Family Endowment|access-date=2019-01-20|archive-date=2019-01-20|archive-url=https://web.archive.org/web/20190120144427/https://medium.com/@SiegelEndowment/grantee-profile-new-york-hall-of-science-6fc9b38b372c|url-status=live}} Mozilla Science Lab, and Jobs for the Future.{{Cite web|url=https://www.guidestar.org/profile/45-1742989|title=Siegel Family Endowment|date=July 14, 2019|access-date=July 14, 2019|archive-date=July 14, 2019|archive-url=https://web.archive.org/web/20190714080016/https://www.guidestar.org/profile/45-1742989|url-status=live}} In 2019, Siegel Family Endowment made commitments to CSforALL,{{Cite web|url=https://medium.com/csforall-stories/siegel-family-endowment-and-csforall-announce-new-partnership-for-k-12-computer-science-education-5f9d9bc48c8e|title=Siegel Family Endowment and CSforALL Announce New Partnership for K-12 Computer Science Education|last=Endowment|first=Siegel Family|date=2018-10-09|website=Medium|access-date=2019-01-20|archive-date=2019-01-20|archive-url=https://web.archive.org/web/20190120144139/https://medium.com/csforall-stories/siegel-family-endowment-and-csforall-announce-new-partnership-for-k-12-computer-science-education-5f9d9bc48c8e|url-status=live}} and the Constellations Center for Equity in Computing{{Cite web|url=https://www.cc.gatech.edu/news/611520/siegel-family-endowment-awards-constellations-center-funding-support-ap-computer-science|title=Siegel Family Endowment Awards Constellations Center Funding to Support AP Computer Science Programming {{!}} College of Computing|website=www.cc.gatech.edu|access-date=2019-01-20|archive-date=2019-01-15|archive-url=https://web.archive.org/web/20190115184251/https://www.cc.gatech.edu/news/611520/siegel-family-endowment-awards-constellations-center-funding-support-ap-computer-science|url-status=live}} and the Aspen Institute.{{Cite web|url=https://www.siegelendowment.org/grantees/|title=Grantees|website=Siegel Family Endowment|language=en|access-date=2019-07-14|archive-date=2019-07-14|archive-url=https://web.archive.org/web/20190714080018/https://www.siegelendowment.org/grantees/|url-status=live}}

Siegel Family Endowment makes mission-driven grants in three interest area portfolios:{{Cite web|url=https://www.siegelendowment.org/our-interest-areas/|title=Our Interest Areas|website=Siegel Family Endowment|language=en|access-date=2019-11-12|archive-date=2019-07-14|archive-url=https://web.archive.org/web/20190714080039/https://www.siegelendowment.org/our-interest-areas/|url-status=live}}

  • Learning: Supports research and programs that investigate how learning and teaching need to change in order to equip the greatest number of people with adaptable, future-relevant competencies and skills.{{Cite web|url=https://www.siegelendowment.org/our-interest-areas/learning/|title=Learning|website=Siegel Family Endowment|language=en|access-date=2019-11-12|archive-date=2019-07-14|archive-url=https://web.archive.org/web/20190714080052/https://www.siegelendowment.org/our-interest-areas/learning/|url-status=live}}
  • Workforce: Supports organizations that use technological innovations to help more people pursue meaningful work in a rapidly changing economy.{{Cite web|url=https://www.siegelendowment.org/our-interest-areas/workforce/|title=Workforce|website=Siegel Family Endowment|language=en|access-date=2019-11-12|archive-date=2019-07-14|archive-url=https://web.archive.org/web/20190714080053/https://www.siegelendowment.org/our-interest-areas/workforce/|url-status=live}}
  • Infrastructure: Supports organizations that explore the implications of rapid digital innovation for the institutions that underpin civil society.{{Cite web|url=https://www.siegelendowment.org/our-interest-areas/infrastructure/|title=Infrastructure|website=Siegel Family Endowment|language=en|access-date=2019-11-12|archive-date=2019-07-14|archive-url=https://web.archive.org/web/20190714080055/https://www.siegelendowment.org/our-interest-areas/infrastructure/|url-status=live}}

= Scratch Foundation =

In 2014, Siegel co-founded the Scratch Foundation to ensure that Scratch, a free online coding community that helps children learn to think creatively, reason systematically, and work collaboratively, remains free and accessible to kids all over the world.{{Cite web|url=https://www.scratchfoundation.org/our-story|title=Our Story|website=Scratch Foundation|language=en-US|access-date=2019-07-14|archive-date=2019-07-14|archive-url=https://web.archive.org/web/20190714080018/https://www.scratchfoundation.org/our-story|url-status=live}} As of October 2018, the organization's official website showed more than 40 million projects shared.{{Cite web|url=https://scratch.mit.edu/statistics/|title=Scratch - Imagine, Program, Share|website=scratch.mit.edu|access-date=2019-07-14|archive-date=2016-04-06|archive-url=https://web.archive.org/web/20160406023520/https://scratch.mit.edu/statistics/|url-status=live}} He is Vice Chairman of the Scratch Foundation.{{Cite web|url=https://www.scratchfoundation.org/who-we-are|title=Who We Are|website=Scratch Foundation|language=en-US|access-date=2019-07-14|archive-date=2019-07-14|archive-url=https://web.archive.org/web/20190714080018/https://www.scratchfoundation.org/who-we-are|url-status=live}}

Board membership

He is a member of the MIT Corporation, where he sits on the Executive Committee, and serves on MIT's Visiting Committee for the Media Lab,{{Cite web|url=https://corporation.mit.edu/committees/visiting-committees/media-lab-media-arts-and-sciences|title=Media Lab / Media Arts and Sciences {{!}} The MIT Corporation|website=corporation.mit.edu|access-date=2019-01-20|archive-date=2019-01-05|archive-url=https://web.archive.org/web/20190105215128/https://corporation.mit.edu/committees/visiting-committees/media-lab-media-arts-and-sciences|url-status=live}} Electrical Engineering and Computer Science, and Center for Brains, Minds, and Machines,{{Cite web|url=https://cbmm.mit.edu/about/people/davide-siegel|title=David Siegel {{!}} The Center for Brains, Minds & Machines|website=cbmm.mit.edu|access-date=2019-01-20|archive-date=2016-11-10|archive-url=https://web.archive.org/web/20161110183507/http://cbmm.mit.edu/about/people/davide-siegel|url-status=live}} as well as with the advisory group for the Task Force on the Work of the Future.{{Cite web|url=https://science.mit.edu/intelligence-at-its-core/|title=Intelligence at its core|website=MIT School of Science|language=en-US|access-date=2019-01-20|archive-date=2019-08-08|archive-url=https://web.archive.org/web/20190808084735/https://science.mit.edu/intelligence-at-its-core/|url-status=live}} He is Founding Chair of the advisory board for MIT Quest, an initiative that seeks to discover the foundations of human intelligence.{{Cite web|url=https://quest.mit.edu/|title=The MIT Quest for Intelligence – The MIT Quest for Intelligence|language=en-US|access-date=2019-01-15|archive-date=2019-01-15|archive-url=https://web.archive.org/web/20190115011229/https://quest.mit.edu/|url-status=live}}{{Cite web|url=https://spectrum.mit.edu/spring-2018/david-siegel-on-mits-challenging-and-collaborative-culture/|title=David Siegel on MIT's "Challenging and Collaborative Culture"|website=MIT Spectrum|language=en-US|access-date=2019-01-15|archive-date=2019-11-30|archive-url=https://web.archive.org/web/20191130185153/http://spectrum.mit.edu/spring-2018/david-siegel-on-mits-challenging-and-collaborative-culture/|url-status=live}}

He is Chairman of the Board of Overseers at Cornell Tech.{{Cite web|url=https://tech.cornell.edu/people/board-of-overseers/|title=Cornell Tech - Board of Overseers|website=Cornell Tech|language=en|access-date=2019-03-06|archive-date=2019-03-06|archive-url=https://web.archive.org/web/20190306235253/https://tech.cornell.edu/people/board-of-overseers/|url-status=live}} He also serves on the Advisory Board for Stanford's Center on Philanthropy and Civil Society,{{Cite web|url=https://pacscenter.stanford.edu/about/advisory-board/|title=Advisory Board|website=Stanford PACS|language=en-US|access-date=2019-01-20|archive-date=2018-12-11|archive-url=https://web.archive.org/web/20181211025040/https://pacscenter.stanford.edu/about/advisory-board/|url-status=live}} a research center for students, scholars and practitioners to share ideas that create social change, and the Advisory Council for Princeton's Center on Information Technology Policy, which brings together expertise in technology, engineering, public policy and the social sciences.

He co-founded the New York City FIRST Robotics{{Cite web|url=https://www.nycfirst.org/board-of-directors|title=nycfirst {{!}} Board of Directors|website=FIRST NYC {{!}} Robotics {{!}} STEM Education|language=en|access-date=2019-01-20|archive-date=2019-01-20|archive-url=https://web.archive.org/web/20190120144444/https://www.nycfirst.org/board-of-directors|url-status=live}} organization to elevate STEM education and robotics programs and is a member of the national FIRST Robotics board.{{Cite web|url=https://www.firstinspires.org/about/leadership|title=Leadership|date=2018-06-20|website=FIRST|language=en|access-date=2019-01-20|archive-url=https://web.archive.org/web/20190709220312/https://www.firstinspires.org/about/leadership|archive-date=2019-07-09|url-status=dead}} Siegel serves on the global advisory board of Khan Academy,{{Cite web|url=http://www.khanacademy.org/|title=Khan Academy|website=Khan Academy|language=en|access-date=2019-01-20|archive-date=2018-12-25|archive-url=https://web.archive.org/web/20181225103011/https://www.khanacademy.org/|url-status=live}} whose mission is to provide a free world-class education for anyone, anywhere.Citation error. See inline comment how to fix. {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/912532995 by a bug in VisualEditor and later identified by a bot. The original cite can be found at Special:Permalink/906193659 (or in a rev close to it) in either cite #28 or cite #38 - find and verify the cite and replace this template with it (1). User:GreenC bot/Job 18}}

He sits on the Board of Trustees of the Robin Hood Foundation's Learning + Tech Fund, founded to use technology to transform learning for low-income students in New York City.{{Cite web|url=https://www.robinhood.org/robin-hood-announces-its-first-3-85-million-in-grants-from-25-million-learning-technology-fund|title=Robin Hood Announces its first $3.85 Million in Grants From $25 Million Learning + Technology Fund|last=Hood|first=Robin|date=2017-09-13|website=Robin Hood|language=en-US|access-date=2019-08-26|archive-date=2019-08-26|archive-url=https://web.archive.org/web/20190826072109/https://www.robinhood.org/robin-hood-announces-its-first-3-85-million-in-grants-from-25-million-learning-technology-fund/|url-status=live}} He serves on the Board of Trustees for Carnegie Hall.{{Cite web|url=https://www.carnegiehall.org/en/About/Leadership-and-Staff/Board-of-Trustees|title=Board of Trustees|website=www.carnegiehall.org|language=en|access-date=2019-08-26|archive-date=2019-07-18|archive-url=https://web.archive.org/web/20190718210636/https://www.carnegiehall.org/en/About/Leadership-and-Staff/Board-of-Trustees|url-status=live}}

As a board member of the for-profit Hamilton Insurance Group, he has served as Chairman of the Compensation and Personnel Committee.{{Cite web|url=http://hamiltongroup.com/insurance-group/employee/david-siegel-2/|title=David Siegel|website=Hamilton Group|access-date=2019-01-20|archive-date=2019-01-20|archive-url=https://web.archive.org/web/20190120144358/http://hamiltongroup.com/insurance-group/employee/david-siegel-2/|url-status=live}}

Awards and honors

In 2016, Siegel received the FIRST organization's John C. Whitehead Leadership Award in honor of his service and support for the science and technology education charity's New York chapter.{{Cite web|url=https://www.firstinspires.org/community/nljan17/first-inspire-honorees-expand-opportunities|title=FIRST Newsletter – January, 2017 – FIRST, Inspire Honorees Expand Opportunities for the Next Generation of Innovators|date=2017-01-11|website=FIRST|language=en|access-date=2019-01-15|archive-date=2019-01-15|archive-url=https://web.archive.org/web/20190115182018/https://www.firstinspires.org/community/nljan17/first-inspire-honorees-expand-opportunities|url-status=live}}

In 2017, Siegel received the Golden Plate Award by the Academy of Achievement for his pioneering work in technology and investment management.{{cite web|title=Golden Plate Awardees of the American Academy of Achievement|website=www.achievement.org|publisher=American Academy of Achievement|url=https://achievement.org/our-history/golden-plate-awards/#business|access-date=2020-10-05|archive-date=2016-12-15|archive-url=https://web.archive.org/web/20161215023909/https://achievement.org/our-history/golden-plate-awards/#business|url-status=live}}{{cite web|title=2017 Summit Highlights Photo: Dr. Joseph E. Stiglitz, Awards Council member and recipient of the Nobel Prize in Economics, presents the Golden Plate Award to Dr. David Siegel, a quantitative hedge fund pioneer and the co-founder of Two Sigma Investments.|publisher=American Academy of Achievement|url=https://achievement.org/summit/2017/|access-date=2020-10-05|archive-date=2020-09-17|archive-url=https://web.archive.org/web/20200917235312/https://achievement.org/summit/2017/|url-status=live}} The same year, Siegel was named to "The Bloomberg 50: The People Who Defined Global Business in 2017."{{Cite web|url=https://www.bloomberg.com/features/2017-bloomberg-50/|title=The Bloomberg 50|date=June 27, 2019|website=Bloomberg Businessweek|access-date=June 27, 2019|archive-date=September 15, 2018|archive-url=https://web.archive.org/web/20180915073643/https://www.bloomberg.com/features/2017-bloomberg-50/|url-status=live}}

Siegel received Institutional Investor's Lifetime Achievement Award in 2019.{{Cite web|url=https://www.institutionalinvestor.com/article/b1f96k48kf2mx3/John-Overdeck-and-David-Siegel-to-Receive-Lifetime-Achievement-Award|title=John Overdeck and David Siegel to Receive Lifetime Achievement Award|website=Institutional Investor|date=6 May 2019 |language=en-gb|access-date=2019-07-14|archive-date=2020-08-10|archive-url=https://web.archive.org/web/20200810164629/https://www.institutionalinvestor.com/article/b1f96k48kf2mx3/john-overdeck-and-david-siegel-to-receive-lifetime-achievement-award|url-status=live}}

Personal life

Siegel is married and lives in Scarsdale, New York.{{cite web | url=https://www.wsj.com/articles/this-hedge-funds-two-feuding-founders-are-under-pressure-to-make-peace-6e9dad93?mod=hp_lead_pos8 | title=WSJ News Exclusive | This Hedge Fund's Two Feuding Founders Are Under Pressure to Make Peace | work=Wall Street Journal | date=9 August 2023 | last1=Zuckerman | first1=Gregory | last2=Chung | first2=Juliet }}

References

{{reflist}}

Further reading

  • Siegel, David. "Human error is unforgivable when we shun infallible algorithms," Financial Times. June 4, 2015 {{Cite news |last=Siegel |first=David |date=4 June 2015 |title=Human error is unforgivable when we shun infallible algorithms |language=en-GB |website=Financial Times |url=https://www.ft.com/content/377e908c-0aaa-11e5-98d3-00144feabdc0 |url-status=live |url-access=subscription |access-date=2019-07-14 |archive-url=https://web.archive.org/web/20190714080013/https://www.ft.com/content/377e908c-0aaa-11e5-98d3-00144feabdc0 |archive-date=2019-07-14}}
  • Siegel, David. "Infinite personalization is making us dumber," Business Insider. February 22, 2017{{Cite web|url=https://www.businessinsider.my/two-sigma-david-siegel-on-fake-news-and-infinite-personalization-2017-2/|title=Infinite personalization is making us dumber|last=Siegel|first=David|date=June 18, 2019|website=Business Insider|access-date=June 18, 2019|archive-date=June 18, 2019|archive-url=https://web.archive.org/web/20190618065544/https://www.businessinsider.my/two-sigma-david-siegel-on-fake-news-and-infinite-personalization-2017-2/|url-status=live}}
  • Siegel, David. "How efficiency is wiping out the middle class." The New York Times. January 25, 2017{{Cite news|url=https://www.nytimes.com/2017/01/25/business/dealbook/how-efficiency-is-wiping-out-the-middle-class.html|title=How Efficiency Is Wiping Out the Middle Class|last=Siegel|first=David|date=2017-01-25|work=The New York Times|access-date=2019-06-18|language=en-US|issn=0362-4331|archive-date=2019-04-16|archive-url=https://web.archive.org/web/20190416031714/https://www.nytimes.com/2017/01/25/business/dealbook/how-efficiency-is-wiping-out-the-middle-class.html|url-status=live}}
  • Siegel, David. "Quants' Best Strategy Is from the 17th Century" The Wall Street Journal. May 26, 2017 {{Cite web|url=https://www.wsj.com/articles/quants-best-strategy-is-from-the-17th-century-1495801193|title=Quants' Best Strategy Is From the 17th Century|last=Siegel|first=David|website=WSJ|date=26 May 2017 |language=en-US|access-date=2019-07-14|archive-date=2019-07-14|archive-url=https://web.archive.org/web/20190714080012/https://www.wsj.com/articles/quants-best-strategy-is-from-the-17th-century-1495801193|url-status=live}}
  • Siegel, David. "Don't binge on bridge-building." The Wall Street Journal. June 18, 2018{{Cite news|url=https://www.wsj.com/articles/dont-binge-on-bridge-building-1529363528|title=Don't Binge on Bridge-Building|last=Siegel|first=David|date=2018-06-18|work=Wall Street Journal|access-date=2019-06-18|language=en-US|issn=0099-9660|archive-date=2019-06-18|archive-url=https://web.archive.org/web/20190618065548/https://www.wsj.com/articles/dont-binge-on-bridge-building-1529363528|url-status=live}}
  • Siegel, David. "Algorithms are an easy scapegoat for volatile markets," Financial Times. January 21, 2019
  • Reich, Rob and Siegel, David. "It's not too late for social media to regulate itself." Wired. February 7, 2019{{Cite magazine|url=https://www.wired.com/story/its-not-too-late-for-social-media-to-regulate-itself/|title=It's Not too Late for Social Media to Regulate Itself|last=Reich|first=David Siegel,Rob|date=2019-02-07|magazine=Wired|access-date=2019-06-18|issn=1059-1028|archive-date=2019-06-21|archive-url=https://web.archive.org/web/20190621205716/https://www.wired.com/story/its-not-too-late-for-social-media-to-regulate-itself/|url-status=live}}
  • Siegel, David. "Shared Prosperity Will Require Basic Research—and a Lot of It," Milken Institute Power of Ideas, April 23, 2019 {{Cite web|url=http://www.milkeninstitute.org/articles/shared-prosperity-will-require-basic-research-and-lot-it|title=Shared Prosperity Will Require Basic Research—and a Lot of It {{!}} Milken Institute|website=www.milkeninstitute.org|language=en|access-date=2019-07-14|archive-date=2019-07-14|archive-url=https://web.archive.org/web/20190714080020/https://www.milkeninstitute.org/articles/shared-prosperity-will-require-basic-research-and-lot-it|url-status=live}}
  • Siegel, David. "There's no excuse for sloppy automation," Financial Times. July 4, 2019

References