Can Artificial Intelligence write a better book than 50 Shades of Grey?

All you writers, authors and creative writing types who may be worrying about AI, rest easy, you're safe. So, in this article, there are no juicy bits of code or scripts to get all hot under the collar about. This whole episode started out with a couple of questions. Could AI write a novel or a novella of a quality that it could be entered into a writing competition? Is it possible to make 50 Shades of Grey readable?