https://blog.google/products/ads-commerce/a-more-privacy-fir...
Make no mistake - as far as I can tell, this preserves Google's ability to track that you are, say, a new parent because you've searched for baby clothes. What it won't know is which new parent you are. The system is designed to give probabilistic assurances of k-anonymity. But Google will no doubt tune those "cohort" memberships, and the value of "k," to capture the vast majority of current advertiser needs, while still being able to communicate to antitrust inquiries and the public that they are not giving people unique identifiers. If anything, it hurts their competition more than it would hurt them, because it allows them to thread the needle in a privacy-conscious world.