Google’s Chrome is their goldmine?

http://www.pcmech.com/article/introducing-google-chrome-the-coolness-is-under-the-surface/

“11. Content licence from you”

“11.1 You retain copyright and any other rights that you already hold in Content that you submit, post or display on or through the Services. By submitting, posting or displaying the content, you give Google a perpetual, irrevocable, worldwide, royalty-free and non-exclusive licence to reproduce, adapt, modify, translate, publish, publicly perform, publicly display and distribute any Content that you submit, post or display on or through the Services. This licence is for the sole purpose of enabling Google to display, distribute and promote the Services and may be revoked for certain Services as defined in the Additional Terms of those Services.”

Here’s the part of that I’m particularly concentrating on again:-

“By submitting, posting or displaying the content, you give Google a perpetual, irrevocable, worldwide, royalty-free and non-exclusive licence to reproduce, adapt, modify, translate, publish, publicly perform, publicly display and distribute any Content that you submit, post or display on or through the Services. “

Analysing that further; piece by piece: -

“…any Content that you submit, post or display on or through the Services…”

What is meant by “…the services…” ?

I quote, again from the same T&C agreement – This time section 1.1: -

“1. Your relationship with Google”

“ 1.1 Your use of Google’s products, software, services and websites (referred to collectively as the “Services” in this document and excluding any services provided to you by Google under a separate written agreement) is subject to the terms of a legal agreement between you and Google.”

So the browser – Chrome – is part of “the services”.

Rewriting that in light of the above, then: -

By submitting, posting or displaying the content, you give Google a perpetual, irrevocable, worldwide, royalty-free and non-exclusive licence to reproduce, adapt, modify, translate, publish, publicly perform, publicly display and distribute any Content that you submit, post or display on or through Chrome.
In other words; submit your bank details, your credit card details, personal details…Any details through Chrome, and “you give Google a perpetual, irrevocable, worldwide, royalty-free and non-exclusive licence to reproduce, adapt, modify, translate, publish, publicly perform, publicly display and distribute” them.

So much for security! Google’s chrome could well be their goldmine of information: Beware how you use it!

Addendum:
See also: http://www.mattcutts.com/blog/google-chrome-license-agreement/