Somehow this doesn’t surprise me at all. Below text copy/pasted from Google Terms of Service
“When you upload or otherwise submit content to our Services, you give Google (and those we work with) a worldwide licence to use, host, store, reproduce, modify, create derivative works (such as those resulting from translations, adaptations or other changes that we make so that your content works better with our Services), communicate, publish, publicly perform, publicly display and distribute such content.
The rights that you grant in this licence are for the limited purpose of operating, promoting and improving our Services, and to develop new ones. This licence continues even if you stop using our Services (for example, for a business listing that you have added to Google Maps).”
So, if my company uploads any of our IP, Google will have the right to create a derivitive work, i.e. a product or service, from our IP. It would effectively belong to them as well.
No thanks, I’m sticking with Dropbox.
A deeper explanation can be found in this thoughtful article from ZDNET.