Firstly, this paper analyzes the role of AI in the reading management of English language and literature, establishes the implicit knowledge base of neural network, designs the auxiliary reading system for learning English language and literature, and optimizes the English language and literature management model of AI. The experimental results show that its reading efficiency is increased by 0.48%, and the performance of the credibility model is improved by 0.53% compared with the original system, which greatly optimizes the running time of the system. To some extent, it helps users to manage their time in English language and literature reading, and greatly improves users' reading efficiency and quality. Based on this advantage of AI algorithm, this paper introduces that the algorithm optimizes the reading management model and the training process of neural grid, and constructs a model of English language and literature assisted reading system based on AI. The system can better meet the needs of users in English language and literature reading management.