When I read about Overture Maps like a year or 2 ago, it seemed to me that basically they were going to create a whole new thing from scratch.
Let's be honest, with enough resources, it's easy to see that they could pull off some kind of OpenStreetMap 2.0, where all the issues from OSM are modernised and cleaned up.
What's really going on? Are we getting something soon from these people? What's the relationship with them?
On their website, they say "coming this fall". Are you excited? Scared? What should I think?
It is not 'by OSM'. The foundation is not involved at all, neither are members of the community.
This is big corpos who put together their data, and they have to include OSM because it is so great.... which also means they have to open up this data due to our ODBL license!
And yes, we can thus absorb this data back into OSM, but it is not worth it
I wrote "by osm supporting companies". The companies behind overture are also supporting osm, that's what I wanted to write, it's not necessarily a competitive project, simply data quality is different, but there is an overlap between supporting companies.