U.S. President Barack Obama will attend the seventh Global Entrepreneurship Summit at Stanford University.
U.S. President Barack Obama will attend the seventh Global Entrepreneurship Summit at Stanford University.

PALO ALTO, Calif. (Diya TV) — President Barack Obama will arrive in the Bay Area on Thursday for his participation in the 2016 Global Entrepreneurship Summit at Stanford University.

Now in its seventh year, the summit is held annually and gathers government leaders, entrepreneurs, business leaders and investors for a three-day series of speeches and various programs. This is the second year the U.S. has played host to the event, and the first time since the 2010 inaugural year.

The subsequent summits have been held in Turkey, the United Arab Emirates, Malaysia, Morocco and Kenya.

The summit will be attended by more than 1,500 global delegates on the campus of Stanford, and will include special events designed to highlight entrepreneurship and innovation in the city of Detroit.

This year, the U.S. have invited more than 700 entrepreneurs from 170 countries and territories and 300 investors to participate in the event. Additionally, more than 400 journalists are scheduled to attend the event, organizers said. Obama will arrive on Air Force One Thursday afternoon and spend the night in the San Jose area before his address on Friday morning.

Also scheduled to appear and make speeches are Secretary of State John Kerry and Secretary of Commerce Penny Pritzker.

Business leaders scheduled to address the Bay Area crowd include Uber CEO Travis Kalanick, Airbnb CEO Brian Chesky, Google CEO Sundar Pichai and Facebook founder Mark Zuckerberg.

While the summit is closed to the public, portions of it are being live-streamed here.