[kyllo]

You make a good point, though the difference between ML and statistics isn't just about interpreting and validating the model. It's about the "novel discoveries" part aka Doing Science.

Statistical modeling is done primarily in service of scientific discovery--for the purpose of making an inference (population estimate from a sample) or a comparison to test a hypothesis derived from a theoretical causal model of a real-world process before viewing data. The parameters of a model are interpreted because they represent an estimate of a treatment effect of some intervention.

Methods like PCA can be part of that modeling process either way, but analyzing and fitting models to data to mine it for patterns without an a priori hypothesis is not science.