No, that's not how traffic works. That's like saying a pipe can flow an infinite amount of fluid when you used a liquid instead of a gas because you got rid of the empty space between particles.
Even with theoretically-perfect timing and control, the road still has a finite capacity because cars take up a certain amount of space, both stationary and moving (following distance is still a thing even with computer control because of the mechanical limitations of brake performance). Moreover, it isn't that much higher than we can manage with humans driving the vehicles already.
The only ways to exceed that limit are to make the vehicles smaller (e.g. bikes) or pack more people into them (e.g. buses or trains).