[Google] wants to replace [3rd party cookies] with new tools that give advertisers more limited, anonymised information such as how many users visited a promoted product's page after seeing a relevant ad - but not tie this information to individual users.
Here's the Chromium page about the "Privacy Sandbox":
https://www.chromium.org/Home/chromium-privacy/privacy-sandb...
Quote:
We believe ... the web’s users can access that information freely because the content creators can fund themselves through online advertising. That advertising is vastly more valuable to publishers and advertisers and more engaging and less annoying to users when it is relevant to the user.
In other words, they still want to know as much as possible about the users.