In essence, it runs on your mobile device and stores all your data locally. It only connects to the freely available CoinGecko API (for latest prices) and GitHub (for reference and historical data). A background job updates GitHub ref data hourly. There's no login, no cloud, no ads, etc.
It may or it may not - time will tell. However, atm, I think they're competing for attention and investments, which is why they make such bomb she'll claims
Yes, AI tools rarely push back and tend to agree with the human. So if the human is spitting racist/misogynistic/homophobic etc crap, they'll find in AI a friend to validate and encourage them ...