The linked project page [1] claims to be fully homomorphic. Assuming the claim holds (I haven't verified it), then there is provably no way for Google or anyone else to obtain any information from the encrypted data or computation performed on them.

FHE is traditionally horrifically slow, so it's hard to imagine running anything beyond toy models with it. They list some applications on the original article page, but (presumably) they must be dramatically stripped down in order to run within any reasonable time budget. This is not going to run anything like a Sol/Opus any time soon.

[1]: https://heir.dev/