Thank you for giving some insights into ML, that is now often just branded “AI”. Just one note though. There is many ML algorithms that do not employ neural networks. They don’t have billions of parameters. Especially in binary choice image recognition (looks like cancer or no) stuff like support vector machines achieve great results and they have very few parameters.
It depends on the algorithms used. Now the lazy approach is to just throw neural networks at everything and waste immense computation ressources. Of course you then get results that are difficult to interpret. There is much more efficient algorithms that are working well to solve many problems and give you interpretable decisions.