You are still transferring your business data to an external entity, but on top of it you pay for it.
And if you think that there is no special code then you're wrong.
And if you think that there is no special code then you're wrong.
Lots of code expresses buisness strategy that is a competitive advantage/ sensitive.
My org has done a risk assessment and accepted the risk of using such tools; arguing there is no risk is short sighted.
It literally is exactly that. You don't think the code a business creates is "business data"?