This is true only if we accept that AI trading is actually making the market more efficient. The 'wisdom' of crowds is often foolishness, and this could be even more true for a crowd of computers.
It is very possible that by using AI that looks mostly at numbers for trading is just destabilizing by relying too heavily on specific variables (the ones the algorithms can actually use as inputs) , and reduces efficient allocation of capital.
It is very possible that by using AI that looks mostly at numbers for trading is just destabilizing by relying too heavily on specific variables (the ones the algorithms can actually use as inputs) , and reduces efficient allocation of capital.