> The odds are 1 in 2^122 — that’s approximately 1 in 5,000,000,000,000,000,000,000,000,000,000,000,00.
This is true if you only generate two GUIDs, but if you generate very many GUIDs, the chance of generating two identical ones between any of them increases. E.g. if you generate 2^61 GUIDs, you have about a 1 in 2 chance of a collision, due to the birthday paradox.
2^61 is still a very large number of course, but much more feasible to reach than 2^122 when doing a collision attack. This is the reason that cryptographic hashes are typically 256 bits or more (to make the cost of collision attacks >= 2^128).