AWS VP Kevin Miller addressed a Wells Fargo report suggesting Amazon was pausing discussions to lease capacity at data centers critical to AI.

Amazon has delayed some commitments around new data center leases, Wells Fargo analysts said on Monday, the latest sign that economic concerns may be affecting tech companies’ spending plans.

Amazon.com has paused some data center lease talks for its cloud division, particularly in overseas markets, suggesting a short-term slowdown in leasing for large-scale facilities, Wells Fargo analysts said on Monday.