Recorder transcribes locally without Internet connection and touching the cloud. I bet this will work the same way. I can't see them being able to market such a feature that send your calls to the cloud. Not to mention it might be illegal here and there. Wiretapping laws aren't joking matter. In some places even one party consent isn't enough.
This is some scary shit. If they can analyze and record, then they can change what someone hears you say.
TV manufacturer companies are already processing images from the raw feed to sometimes unwanted feeds (including adding ads).
Edit: Wait til they have ads in the middle of your phone call. Or, watch this ad before you can see your text. “This text has been modified to do such and such”.
We are fucked. Thinking about getting a landline.