Absolutely not. Actually, I kind of reflected it in my concerns: it makes it easier for somebody who wants to push such a polemic (as yourself) to do so, but by no means it is universally true. I mean, it
might be, if everything that your model learns is the number of cars on a highway. But there's absolutely no reason to assume it is. It might as well learn anything else about your private life.
You might be tempted to object, that it can learn nothing about your private life, since it isn't even known which device sent what data. But I think this is silly, because you forget the most important thing, which is to ask: what ever are "you"? The statement in question depends on definition of that, because if "you" means "your IP address", it might be true. But I never really was afraid Google is learning something about what is sent from this IP, because I don't believe the give a fuck.
It is much less apparent they don't learn anything about "John Doe" simply given the fact that the learning is "federated". But then again, this doesn't really bother me much, because I don't believe they care.
I think, much more probable definitions of "you" that might concern them, are a lot more dangerous, because they are a lot more "real" than your made-up (even if at birth) name which you probably share with 100 more people around the world anyway. Like, for example, "the guy, who every day makes a trip from Baker street 12 to Sesame street 30" (that's "you") and that he really likes Coke. And this is just the most simplistic one, there are infinite tuples of parameters that would define a specific person in much more meaningful way, than the IP or a name.
But, actually, I don't really believe they would try to identify you like that either. Well, they might, I just don't really believe they care about "you" in a sense that might be meaningful to you. What some entity like Google is likely to mean by "you" is probably several organisms, so you might feel like whatever they learn about "you" is definitely not private data. But I don't think this is less scary, quite the opposite, facts like "boys 13-15 y.o. that listen Tokyo Hotel and drink Sprite are likely to try heroine if recommended to watch RocknRolla" are much more powerful and useful (this is obviously a made up example, which you may replace by anything seemingly less dramatic, like "person, who buys A, B and C will also want to buy D"). Anyway, what really makes up a model that can control the financial markets and mood of the people isn't about your petty definition of "you", but a much colder, more meaningful one.
And when I'm worried Google learns something about "me", this is what I'm really worried about. And the fact that such a definition of "private data" wouldn't hold up in court because it "isn't even about a specific person" makes it only so much worse.