- The heart rate sensing is done on a smart watch, not a phone, and needs data from the actual heart rate sensor every couple of days [1].
- The breathing rate is determined from a phone put on the breast or the abdomen [2]. Not really a threat vector in that form.
- The audio stuff is incredibly impressive [3], but it doesn't look like they can reconstruct text with meaningful reliability, it's more about identifying the person or at least the gender of the person on the other end of the line.
The location and activity detection scenarios seem the most credible to me, but the for targeted attacks the audio reconstruction might also work. The other two don't really seem credible to me yet, but good to be aware of them.
1: https://arxiv.org/pdf/1807.04667.pdf