Yes exactly. They'll delete the video after making a detailed statistical model of it so they can use that for an AI that allows them to create an infinite number of videos that are visually indistinguishable from the original, but that are legally distinct and fair use of your original video, which they dutifully deleted exactly as they promised, for legal purposes. If you disagree or have any concerns with any part of this statement, you are welcome to file your complaint in the legal jurisdiction that Google has authorized you to use in their terms of service that you agreed to without reading, and their department of lawyers will be happy to assist you for decades.

You just know that video is going to be turned into training data of some kind or another. I think visual and audio versions will be around forever, and I hear that you can enter inaccurate words in the audio prompt and still get through. Might as well train it funny if you must train it at all.