That's certainly an interesting idea and one I hadn't thought about before. I immediately see that it runs into a problem, which is that all of the regulations and requirements that go into approvals are not something an AI system can just ignore.
AI may be helpful. You would like to be able to see ways in which perhaps the various regulators would be able to use AI to analyze the various reports and speed up that process, but they'd have to be willing to do so. You might see ways in which AI could help compile all the various approvals.
There are possibilities for it to work, but I think it's a difficult problem, because there's a big interaction between regulations and laws and the technology. You can very easily see a situation in which AI would be used and then there would be a lawsuit because somebody didn't like the outcome.