Update: Google has updated the EULA and say the license terms were a mistake! You are now safe to use the Browser without fear of Google profiting from your work.
If you use the Google Chrome Browser you automatically give Google a perpetual, irrevocable, worldwide, royalty free and non-exclusive license to reproduce, adapt, modify, translate, publish, publicly perform, publicly display and distribute any Content which you submit, post or display on or through, the Services.
Google what Happened to do No EVIL?
Until the Google Chrome EULA is changed, I will not be using the Google Chrome browser.