Maybe I'm not understanding this, but how is it that you can know enough about the data to process it without undermining the fundamental concept of encryption? Isn't encrypted data supposed to be just random noise without the key? The more you know about the underlying data the easier it gets to decrypt? Does this mean someone can just steal your encrypted data and use that to steal your identity without even needing to decrypt it anymore?

you can produce a correct result without knowing what that result means as long as the person you then provide that result to can decrypt it. So the way it works is the server does the job on data it can't read, sends an answer to the device, the device decrypts it.

It's very useful for things like healthcare data for example but also for products like "home assistants", and it's one of the use cases that the team hiring internally was giving in their job req. I tried to apply too but didn't get it unfortunately, this was a very interesting product to work on imho, congrats to whoever got my job :)