Elon Musk’s startup xAI has secured $6 billion in funding from investors. Picture: Yang Lei/Xinhua

Billionaire tech mogul Elon Musk’s startup xAI said it has raised $6 billion (R110.22 billion) from investors in an increasingly crowded artificial intelligence market.

The latest funding, including from well known venture capitalists and a Saudi prince, takes the firm’s total valuation to $24 billion (R442 billion), based on a pre-infusion figure of $18 billion (R331bn) cited by Musk.

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