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As of January 2021, there are over 200 million repositories on GitHub, allowing developers to benefit from open source without starting from scratch. However, with over 200 open source licenses available, choosing the right one can be challenging. Half of these licenses are approved by the Open Source Initiative. In this video, the most commonly used open-source licenses such as MIT, Apache, MPL, and GPL are discussed. The most popular permissive licenses include MIT, ISC, 2-Clause BSD, and Apache 2, which provide developers the freedom to use, modify, and distribute their work while still allowing for proprietary derivative works.