Why is long range (very) high powered electric transmission best done with DC instead of AC?

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I was watching a YT video recently where they said something along the lines of “AC current is too inefficient for long distance power transmission, so xyz project needs DC power” and then moved on. I (from my vague memories 20 years ago of school) thought that AC had less loss and inefficiencies. What am I missing/what did I tune out in school?

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