Google has a new data compression extension for Chrome -- do you trust it?

Launched on March 23, the Data Saver extension is currently in beta (come on, this is Google… what did you expect?) and it helps to "reduce the amount of data Chrome uses". This might sound appealing, but it does mean that your traffic is routed through Google's own servers. Do you trust Google enough?
 Using the extension has obvious plusses. If you have to keep within a data limit, anything you can do to compress pages is to be welcomed. Compressing pages can also have the happy side effect of speeding up load times. Sounds great, yeah? What's not to like about optimized pages? Look to the extension's page in the Chrome Web Store and the description says:

When this extension is enabled, Chrome will use Google servers to compress pages that you visit before downloading them. SSL and incognito pages will not be included.

Very much the same information is provided on the relevant Google support page:

When you're using Data Saver, Google's servers reduce the amount of data that gets downloaded when you visit a webpage. How much data gets saved depends on the type of content on the page. Secure pages (pages that start with https) and incognito pages load without any data savings.
 
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