This is part of the grift. Here we have Sam 'too dangerous to be released' Altman warning again and again while at the same time doing exactly what he is warning about.

I doubt he actually expects some type of regulation that will make the snake oil he is selling last a little bit longer. More realistically its so drive up the hype and cash out as much as possible until hardware is cheap enough for a good enough model since right now the gap between the pay to use models and the free models will only get smaller and smaller.