It's still an exceptionally poor privacy policy compared to pre-LLM online services.
Compare with the Google Docs privacy policy, for example:
https://support.google.com/docs/answer/10381817?hl=en
> Google respects your privacy. We access your private content only when we have your permission or are required to by law.
I think it is reasonable to expect the same from LLM API providers. The fact that they all currently do mass surveillance on users is bad.