I'll give you a bit of a nerdy explanation from back when I was a Chem Eng student. In Chemistry, there is what is known as the 'activation energy' for a reaction, and it basically follows a statistical distribution described by the Arrhenius equation and the Boltzmann distribution.
Basically put, in the oil refiner's vacuum distillation tower, virgin motor oil only sits in there for, at best, a relative short period of time as it is being processed into base stocks through fractional distillation. What comes out of the particular fraction drawn as a given base stock is a homogenous mixture of various chain length hydrocarbons (ie: paraffins) with the statistical distribution centered around what is desired for a particular fraction. This is used as basestock and blended with various additives and sold as retail motor oil.
When oil is poured into an engine and boiled for an additional few dozen hours, more of the lighter fractions in that overall 'distribution' of paraffins that end up in a bottle of retail motor oil boil off. This is where the mass loss comes from as oil is in service. The boil off heavily goes into the PCV system (which exerts a slight vacuum on the crankcase) and ends up in the intake system where, in a DI engine, it can deposit on valves and other intake components. As well as other instrumentation/actuators in the overall combustion gas path.
Automakers, on account of moving to DI, have imposed some pretty extreme specs in terms of volatility (as measured by NOACK) on the lube industry to protect the intakes. In DI engines, changing oil more frequently than recommended by the manufacturer can actually cause a whole host of problems. Those who advocate more frequent oil changes in DI engine cars are actually doing their owners a giant disservice as without fuel (with weak diluent/solvent properties) being inducted into the intake, there is literally no way to deal with the deposits that inevitably will result from such. Eventually intake port occlusion, or potentially even worse damage if the deposits are somehow liberated from the intake will occur. I'd have to disagree strongly with MolaKule on his comment about changing oil more frequently not causing harm.