Waymo has sharply increased its lobbying spending as it seeks to persuade US regulators to clear a path for fully autonomous taxi services, intensifying its battle with rival Uber over the future of robotaxis.

The Alphabet-owned company spent more than $1 million between April and June on lobbying the federal government, more than double its outlay a year earlier, according to filings. That put Waymo’s spending close to Uber’s and well ahead of rivals including Amazon’s Zoox and Tesla.

The rise in lobbying comes as Waymo and Uber push competing visions for the future of ride-hailing. Waymo wants a faster route to fully driverless commercial services, while Uber is advocating a staggered rollout in which robotaxis operate alongside human drivers.

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Nvidia has disclosed that it owns nearly 123 million shares in SpaceX, further highlighting the chipmaker’s entangled financial relationships with some of its biggest customers.

The $5.5 trillion company owned SpaceX stock worth nearly $21 billion at the end of June, according to an SEC filing on Friday. Elon Musk’s rocket conglomerate’s shares have fallen sharply since its June initial public offering, meaning Nvidia’s stake would now be worth $17 billion.

The disclosure marks a huge pay-off on Nvidia’s investment in xAI, completed in January, shortly before Musk combined the AI lab with SpaceX.

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Leading US AI labs such as OpenAI and Anthropic are releasing cheaper models as they fight to retain cost-conscious customers who are switching to cut-price alternatives from Chinese rivals.

The price war comes as rising AI bills push companies to curb usage and seek cheaper models, helping Chinese developers including Moonshot and DeepSeek make inroads with users from Silicon Valley to Europe.

OpenAI recently said that it was slashing prices for GPT-5.6 Luna, its “fastest and most affordable model”, by 80 percent. Anthropic has launched Claude Opus 5, touting the system’s “frontier intelligence... at half the price” of Fable 5, the company’s most capable model.

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