I believe that's Amazon, Microsoft and Facebook all looking to get involved in core Rust development (I think partially triggered by the Mozilla layoffs). If anybody was still harbouring doubts about Rust's future, now is the time to lay them aside.
Friends of mine that are contract programmers have been ramping on Rust for the past 2-3 years claiming the number of requests for it has been increasing exponentially. I installed it two weeks ago and have been getting a feel for it. It's like if C++, C#, and npm had an offspring. I always hoped Java would make a comeback, but Rust is looking like the real deal.
Applications of Java and Rust do not overlap. As a big data engineer, Rust does not provide any advantage to me. Good luck rewritting all the big data tools from Java (Elasticsearch, Spark, Kafka, Hadoop, Neo4j, Deeplearning4j, Cassandra, Solr, Arrow, OrientDB) and all the scientific stuff from C++ (Eigen, Tensorflow, PyTorch, Jax, Halide, OpenCV and the multitude of resources for CUDA and OpenCL) and databases (MySQL, MongoDB). If I want to contribute to LLVM or JVM, they are C++, the browsers are all C++. Unreal Engine and Unity (IL2CPP and engine) are all C++. Are you doing microVMs or drivers? Then probably Rust is a good investment (discutable), otherwise, I would wait for better alternatives. I will stick to Java, Scala, Python and C++ for the foreseeable future.
EDIT: may the downvotes come from the idealists that hammer down pragmatists, like our opinion doesn't even count
Both are general purpose languages, so of course they overlap.
> Good luck rewritting all the big data tools from Java (Elasticsearch, Spark, Kafka, Hadoop, Neo4j, Deeplearning4j, Cassandra, Solr, Arrow, OrientDB)
Cassandra (https://scylladb.com) and Kafka (https://vectorized.io) have already been rewritten once in C++, with massive latency and throughput improvements. No reason why they couldn't get their superior Rust clones in the observable future.
Materialize (https://materialize.com), Noria (https://github.com/mit-pdos/noria), and Sled (https://github.com/spacejam/sled) are just some of the Rust database projects that are aiming at unseating the de facto standard implementations in the space. InfluxDB (https://www.influxdata.com) is now doing major Rust development as well.
The future is almost here. It's just not evenly distributed yet.