JPMorgan Chase is relaxing its stock pledge loan policies for employees and early investors of newly listed companies, aiming to attract clients from emerging tech giants. On the eve of SpaceX's major IPO in June, JPMorgan informed its internal bankers that they could accept its stocks for pledge loans at an earlier stage. Internal bankers anticipate that JPMorgan may take similar measures when Anthropic, the developer of the Claude chatbot, goes public, although no final decision has been made. Previously, JPMorgan earned $75 million by participating in SpaceX's listing project. JPMorgan's move indicates that various asset management institutions are actively competing for the massive wealth business generated by the AI boom.