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As of January 2021, GitHub hosts over 200 million repositories, allowing developers to utilize open-source software without reinventing the wheel. However, choosing compatible software can be challenging due to the existence of over 200 open-source licenses, half of which are approved by the Open Source Initiative. This video discusses the most commonly used licenses, including MIT, Apache, MPL, and GPL. Permissive licenses like MIT, ISC, 2-Clause BSD, and Apache 2 permit freedom to use, modify, and redistribute software, while allowing proprietary derivative works. For more in-depth information, viewers can access a link in the description to the next video.