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The CEO said on Twitter: "In fact, we built Confidential Cloud in such a way that only you can decrypt your data. Your employer, we as software providers, and the government cannot decrypt your data without your permission, even with a subpoena to do so."

So I think a monthly subscription is the business model, not ads.

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I do think they’re unlikely to sell user data, but it’s important to note that their privacy claims aren’t true and it would be possible for them to[1].

[1]: https://news.ycombinator.com/item?id=40044348

This side steps the question though. Transcription isn’t happening on the device, which means your raw audio is sent off to someone else’s computer. Whether or not it is finally stored in some secure manner is irrelevant at that point.

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