They say, "our goal here is to improve PostHog as a product for our customers, not to expose or sell models trained on your data" but then don't actually list that as a limitation in the bulleted points.

AFAICT this now gives them default permission to train an LLM on your code (as Posthog telemetry data is inextricably tied to your code) use it, and even sell it if they wanted to (as it's not your data anymore, it's their model). Yikes.