machine learning applications have existed for a long time. [...] The difference is that under current techniques, these models are just much more powerful and accurate today.and now you are suggesting that if these are to be regulated, they should effectively stop becoming better? what would be the point of that?
Everything affects a person's life
well, yes, so there must be a way to force a company to reverse a change that affects me.
kneecapping models doesn't prevent a company from disabling an electronic lock or closing my account. these are problems that already exist regardless of what caused those changes. google or facebook should not be allowed to terminate users unless they can prove fraud. how they arrived at the decision is quite irrelevant. insurance companies should not be allowed to deny coverage without a human verifying the decision, and also not without a human who is able to reverse a decision. weaker models are not going to enforce that, unless the models are so weak that they become useless. again, what would be the point of that?
until recently those models were not good enough. i read that as: they were useless for serious applications. they were research under development. we have been working on this for decades, and only now we are approaching the point where these tools actually become useful.
but the impetus for regulation is that these models are being used and yet still do not work well enough. they do make mistakes, and those mistakes need to be supervised and fixed if needed. if they would work perfectly to the point that an affected person can get them to reverse decisions, then this would be less of an issue.
i agree with you that the current regulations are difficult, but i do not see the benefit in regulating how those models are built instead. the damage happens at the interface between human and machine, and to prevent humans from getting hurt that interface is what needs to be regulated.
what you are suggesting sounds to me like proposing that knives made from steel are to dangerous, because a steel blade doesn't become dull fast enough. so we should instead only make knives from wood to make them weaker. but a wooden blade can still kill. so really what needs to be regulated is how the knives are used, not how they are made.