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Automated Personalization not showing option to select optimization algorithm

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When I am setting the Targeting for Automated Personalization (AP), there used to be an option to select an optimization algorithm (this is about 2 years ago). The training videos from Adobe show this option clearly (see screengrab below of a similar video):

select-algorithm.png

 

 

However, I am unable to see this option in Targeting section of AP anymore. Would anyone know whether Adobe removed this option? I did not find anything in the release notes. Or is there something in the settings that I need to fix.

 

Below is the screengrab of what I see today (there is no option to select an algorithm)

Untitled.png 

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