I think it's reasonable. The development process is just not really comparable to other software engineering: It's fairly clear that currently nobody really has a good grasp on what a model will be while they are being trained. But they do have expectations. So you do the training, and then you assign the increment to align the two.
I figured you don't update the major unless you significantly change the... algorithm, for lack of a better word. At least I assume something major changed between how they trained ChatGPT 3 vs GPT 4, other than amount of data. But maybe I'm wrong.
