As far as I know RISC provides similar power efficiency and sleep that is like ARM.
> We don’t really try to steer the market one direction or another; we just want to make sure that good options are always supported.
Sounds like their priority is to support Steam on the hardware consumers are currently using. Given that, it makes sense they'd go Arm in the Steam Frame, because Fex alone is already a massive undertaking, and Snapdragon is a leading mobile chipset for performance and power efficiency.
Rivian is a luxury vehicle brand with a first-class UI/UX. I imagine going with their own first-class UI and CarPlay Ultra would be a mess; two separate interfaces for the same controls, but laid out differently. Makes a lot more sense they'd be working with Apple to integrate more Apple features into their own UI, rather than having to maintain two separate first-class UIs that are bound to have discrepancies.
And there's the more obvious answer that they want the entire driving experience to feel like a Rivian experience, given how important that's been for luxury EVs on the software side. Supporting a canned OS would make the vehicle "feel" the same as every other car that also supports it.