Not really. In terms of functionalities, I consider ansible as a superset of terraform, without all the state management stuffs. Distributed systems are hard, and I will just let my cloud providers to be the single source of truth of all the states.
Here's a comment from the author of ansible when terraform was first released: https://news.ycombinator.com/item?id=8100036
> One of the things shown in the Ansible examples are how to do a cloud deploy in one hop, i.e. request resources and also configure the stack all the way to the end, from one button press, and can also be used to orchestrate the rolling updates of those machines, working with the cloud load balancers and so on, throughout their entire life cycle -- all using just the one tool.