Is S&T to Macro Hedge fund still a thing?

Above question - curious because I'm reading that banks are more and more just market makers instead of taking risk, making it difficult to make those transitions difficult. 

Also a little unrelated, I'm wondering what people think about the future of Macro Trading with AI. I have read that it can be a positive and a negative. Negative is obviously the models can replace humans trading and analysis but if a lot of them are similar enough that creates overcrowding in certain areas and that results in oppurtunites for people smart enough to observe that.