in itself no… but as you typically end up doing more stuff, have things in the background, etc probably a bit.
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Cake day: January 17th, 2022
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You can now root all Meta glasses https://github.com/Lumince/singularity/releases/
You can also, without root, use Termux letting you install a local server on the device itself, use adb to start the browser on a WebXR page running on it, etc.
So it’s possible to make it work and entirely offline, no Meta account, no app, all this without privacy concerns but that does require to tinker a bit.
I document this a bit on https://git.benetou.fr/utopiah/biggu_s_gate/issues/152 so feel free to ask more questions
It’s two different problems :
technically speaking TEE and homomorphic encryption have proven to work. You can read public research and results from e.g. NIST or ask a researcher in the domain you trust but basically unless you find a way to break it (which is not impossible theoretically, just nobody has ever done it), it is indeed private.
in terms of business model, Meta is an advertising company which only happens to rely on tech to sell more ads. The more information they have about someone, the more expensive they can sell ads to their true clients, advertisers. So… one can safely assume that everything AROUND the encryption itself will be used to align with that very profitable business model.