No, not really. As far as I'm aware HVDC links are more efficient than AC links (even with AC/DC/AC conversion).
https://en.wikipedia.org/wiki/Ultra-high-voltage_electricity...
https://github.com/pirate/quebec-power-grid-talk
It's one of the only multi-terminal HVDC lines in the world, most of the others are just point-to-point.
They also literally short out the power lines with DC to warm them up and melt the ice off during ice storms, pretty crazy stuff.
https://en.wikipedia.org/wiki/Pacific_DC_Intertie
More interestingly--it dates to the Kennedy Administration.
HVDC has better marginal loss , but you pay a loss up front for conversion