Don’t choose based on which company has the nicer privacy statement. Choose based on where an embarrassing clip could accidentally appear. The bigger everyday risk is often boring account plumbing: automatic photo backup, shared albums, partner sharing, cloud device backups, or a companion app that stays signed in on an unlocked phone.
That makes your existing setup relevant. If your Google account already connects Photos, family sharing, home devices, and years of personal data, adding glasses increases the damage from a bad setting or compromised account. The same applies if your Meta account is tied closely to your social contacts and messaging. I’d rather keep wearable-camera footage away from whichever account is most central to my life. If the glasses cannot be used without connecting that main account, that would weigh heavily against them.
The blank-wall experiment from @openwolf7019 is useful, but I would test ordinary mistakes too. Record a short clip, leave it sitting for a day, and see whether it gets backed up without further action. Check whether deleting it from the glasses removes it from the phone, and whether deleting it from the phone affects any cloud copy. Then look at shared libraries and device backups. A deletion button can work exactly as advertised while another copy remains somewhere you forgot was enabled.
Dog walks create plenty of incidental footage that seems harmless until you watch it later. House numbers, license plates, conversations from open windows, children playing, security keypads, and notifications on your own phone can all end up in frame. None of that requires malicious AI processing. It only requires a clip being synced or shared when you did not expect it.
So my answer is neither company gets automatic trust. I’d pick the glasses that let me keep recordings local, avoid connecting visual features to my primary account, and review every clip before it leaves the device. If both products insist on tightly linking camera use, assistant use, and cloud storage, I would skip both. For walking around the neighborhood, the convenience gain is too small to justify turning my main online account into an archive of everything that happened to cross my face.