The huge advantage of RISC-V is the lowered barrier to entry for chip manufacturers. It's now becoming possible for tech companies to make their own processors for their specific hardware and requirements.
In my mind, the even bigger advantage is that the door is now open for open source RISC-V implementations, so that people/companies can work together on high performance/low energy CPUs. It seems such a waste of talent for different companies all spending time and effort to implement similar features in their chips, when they could be building and extending open source chip designs.