Both "Yes" and "No".
If you are looking at sheer, system-level performance then Rust is the future. Here we mean, memory usage (RAM prices have been skyrocketing of late), latency, proccessing speed and things like that, then Rust is way better than the common languages used today especially on web systems.
If you are looking at Type Safety, Rust cuts to the chase. Python, PHP, Javascript while commonly used are weakly typed. Typescript just came in to save Javascript.
And when it comes to Concurrency, Rust has that right out-of-the-box.
First, Rust is a pretty difficult programming language. We could say that AI could save us here but still a human will be needed to read through the output somewhere. Python really gave us the idea that a programming language can be easy to read and write. Until a truly human-readable programming language comes in place, Rust has taken us back to the time when a programming language was exclusively understood by the "Sigma Programmer".
Rust is not the only programming language that comes with Concurrency. Go has albeit better concurrency handling than it.
Unless Rust crosses the "Boilerplate Trap" - where its initial sample use cases are system-level scripts and "Hello World" samples - into the realm where truly usable samples (think invoicing apps, CMS software, LMS software, ERP, open source CRM apps, full-blown OS's, Enterprise Systems) are out in the wild, it might end up being limited in some narrow use cases.
And sadly, Memory Management at the programming language level is not as "hot" as it once was. Today, many new programmers simply prefer a programming language that handles that for them. (Apologies to Zig here).
WORDCOUNT: 286 words.