SAN FRANCISCO, March 1 (Xinhua) -- More than 1,000 entrepreneurs, investors and tech professionals from China and the United States will convene in May in Silicon Valley to explore possible areas for collaboration, an organizer said on Friday.

The Silicon Valley Entrepreneurs Festival, which has entered the fourth year since it was launched in 2016, is scheduled for May 2 at the Santa Clara Convention Center in the Bay Area, about 72 km southeast of San Francisco.

The event will be organized by Ding Ding TV, a local Internet TV station, and the China-U.S. Business Summit, in partnership with Santa Clara Chamber of Commerce.

This year's conference will focus on digital transformation opportunities in artificial intelligence. Big data, the internet of things, digital marketing trends and content evolution as well as venture capital are the areas of focus, said chief executive officer of the festival and founder of Ding Ding TV Diana Ding at a press conference held on Friday in Santa Clara County, California.

"This year's festival will welcome world-leading investors and entrepreneurs in the United States and Asia and showcase innovative ideas and breakthroughs in investment and entrepreneurship," said mayor of Santa Clara Lisa Gillmor at the press conference.

"It's going to bring together economists, investors, innovators to talk about the future of technology," said Gillmor. "Last year, the festival attracted about 1,800 individuals. This year, we expect more."

During the festival, Andrew Yang, an entrepreneur and a Chinese-American U.S. presidential candidate for 2020, will deliver a speech on the future of artificial intelligence, Ding said.

Michael Condry, former chief technical officer for Intel Corporation, will talk about his own experience in entrepreneurship, she added.

More than 5,000 people attended the past three gatherings, including more than 300 speakers and nearly 1,000 investors and industry leaders. The past three events also featured hundreds of projects on frontier technologies.

The event is aimed at establishing a platform to facilitate engagement between investors and entrepreneurs from all over the world, and to showcase brand influence on a global stage, said Ding.